Published on 6 May 2022 on MarketWatch
Zillow stock slides to 2-year low, Wall Street keeps slashing targets amid ‘dour’ housing market...
Shares of Zillow Group Inc. slumped to a two-year low Friday, as Wall Street analysts continued to slash their price targets in the wake of the real estate information company’s upbeat first-quarter results but disappointing outlook.
Zillow’s more-active Class C shares pared intraday losses as much as 13.4% to close down just 4.4% at $38.05, which was the lowest close since April 21, 2020. The Class A shares were down as much as 14.8% before bouncing to close down 4.3% at $37.37.