0842 GMT - Rightmove's results and guidance signal a strategic shift where AI serves as a partner rather than a competitor, according to RBC Capital Markets. Although its valuation has retreated 35% since November's AI strategy announcement, the selloff is an overreaction, RBC says. The company's fundamentals remain entirely intact, it says. By leveraging Google-backed integrations and a custom ChatGPT app, the property website is digitizing the property-hunting experience through new search tools, RBC says. A strategic partnership with NatWest should drive mortgage-related activity, diversifying its revenue streams, RBC says. These innovations reinforce the model's durability, it adds. "We continue to see the selloff in the shares as unjustified and don't see anything in [Friday's] results that suggest the shine is coming off." Shares are up 5.1% at 4.51 pounds. (anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

February 27, 2026 03:42 ET (08:42 GMT)

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