Zillow Price Targets Cut to $50, $75 and $78 After Legal Costs
Zillow Group saw price targets cut by Susquehanna from $80 to $50, DA Davidson from $95 to $75, and Citi from $100 to $78 as analysts cited elevated legal expenses. Zillow forecasts 2026 single-family rent growth of 1.1% and multifamily rents down 0.2%, with typical January asking rent at $1,895.
1. Analyst Price Target Revisions
Susquehanna lowered its Zillow price target from $80 to $50 while maintaining a Neutral rating, citing elevated legal expenses impacting EBITDA despite effective execution. On the same day, DA Davidson cut its target from $95 to $75 with a Buy rating, and Citi trimmed its target from $100 to $78 while maintaining its Buy stance.
2. Rental Market Forecast
Zillow projects single-family rent growth of 1.1% by December 2026 and forecasts multifamily rents to fall 0.2% over the year as elevated construction and vacancies weigh on prices. The typical U.S. asking rent was $1,895 in January, with household rent payments at 26.4% of income—the lowest share since August 2021.