{
  "id": 18280196,
  "title": "Evercore ISI cuts Zillow stock price target on weak housing outlook",
  "url": "https://urgent.news/2026/11/05/evercore-isi-cuts-zillow-stock-price-target-on-weak-housing-outlook",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T09:10:51.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/evercore-isi-cuts-zillow-stock-price-target-on-weak-housing-outlook-93CH-5002667"
  },
  "original_language": "en",
  "account": "Investing.com reports that Evercore ISI has reduced its price target for Zillow Group (NASDAQ:ZG) to $35 from $40, maintaining an In Line rating on the real estate platform. The stock is currently trading at $34.45, down approximately 51% over the past year, indicating growing concerns about the housing market. Evercore lowered its revenue projections for 2026 and 2027 by 3% to 5% and cut EBITDA estimates by 11% to 13% following what it termed as a significant guidance miss. Fourth-quarter revenue is projected to be roughly flat year-over-year, with For Sale and Residential segments declining 9% to 15%, as higher interest rates dampen conversion and mortgage demand. The Rentals segment is expected to expand 26% year-over-year, but cost management provides some relief. Fiscal year 2026 EBITDA margins are now forecasted to be around 24%, aligning with year-over-year changes. Zillow maintains a stronger balance sheet with more cash than debt and is considered undervalued, according to InvestingPro analysis. The firm's cautious stance is due to a deteriorating housing outlook, a need for mortgage pipeline rebuilding, and ongoing challenges during the Preferred transition into 2027. The company remains on the sidelines, awaiting clearer evidence of growth and margin improvement. The new price target is based on a 9 times valuation of the firm's 2028 EBITDA estimate of $895 million. Zillow reported third-quarter results that missed analyst expectations, with adjusted earnings per share at $0.55, below the consensus of $0.59, and revenue at $724 million, missing the estimated $754.4 million. Sales dropped due to higher mortgage rates, impacting housing transaction volumes. CEO Jeremy Wacksman described the current market as one of the toughest in a generation.",
  "summary": null,
  "key_points": [
    "Evercore ISI lowers Zillow stock target to $35 from $40",
    "Revenue and EBITDA projections cut by 3%-13% due to housing market concerns",
    "Zillow's cautious stance stems from deteriorating housing outlook and mortgage pipeline challenges"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}