Categorized | Investing

Zillow Stock Shows Strong Signs of Growth

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Although the housing market remains in its weak state with no clear sign as to when a legitimate recovery will finally take place, shares of Zillow, one of the most popular real estate websites, is showing strong signs of growth. The stock was recently given an upgrade in coverage, and is now considered a must buy stock by many analysts.

The upgrade in coverage was enough of a reason for investors to add it to their portfolio, and for that reason, the real estate company’s stock jumped over five percent. The real estate website company’s shares are expected to reach thirty six dollars in the near future, thus forecasting more than a five dollar increase from where it was last week.

While one would think that a United States based real estate website would be sharing in the misery of the nation’s real estate market, that thought couldn’t be further from the truth. The reality is that, despite its struggles, the real estate market is still vast, presenting countless opportunities for a website like Zillow to grow. In addition to the sheer size of the United States real estate market, having a strong and reputable brand name is also working out very well for Zillow. Zillow has quickly become one of the most recognizable names in real estate, as more prospective homeowners and realtors are using the website to get a step ahead in the struggling market.

Analysts are very high on the Zillow brand, and believe that it could actually see its revenue more than double this year. There are still worries that the rough state of the United States housing market will adversely affect the website’s growth, but for now, there is little indication for that to actually happen.

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About Drew Wilson

Drew focuses on the Commercial and Mortgage/Finance categories.

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