Stock Track | Zillow Plummets 5.02% Intraday Following Analyst Target Price Cuts

Stock Track

05/09

Zillow Group's stock fell sharply by 5.02% during intraday trading on Friday, reflecting significant selling pressure.

The decline appears to be driven by negative analyst sentiment, with at least two major financial institutions cutting their price targets on the stock. Deutsche Bank reduced its target price to $68 from $80, while Barclays lowered its target to $54 from $58.

These downward revisions in price targets suggest analysts are taking a more cautious view on Zillow's future valuation, which likely prompted investors to adjust their positions accordingly.

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