Rightmove Unfazed by AI Noise as Profits Grow -- Market Talk

Dow Jones
Feb 27

0905 GMT - Although Rightmove's shares have been weighed down by broader AI concerns, there is currently no proof that these are causing any damage as profits are growing, Peel Hunt analysts Jessica Pok and Melanie Yang write in a note. The property website reiterates guidance, but margins are likely to be dented by the start of its 60 million pound three-year investment program, the analysts say. Meanwhile, Peel Hunt downgrades its net cash forecast to 22 million pounds from 40 million pounds on the stronger capital return program. "We expect another solid year of growth, supported by further product development that should strengthen its market position." Shares are up 6.3% at 455.80 pence and are down 29% over the past 12 months. (anthony.orunagoriainoff@dowjones.com)

 

(END) Dow Jones Newswires

February 27, 2026 04:06 ET (09:06 GMT)

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