Zillow Group (NASDAQ:ZG) is among the top 10 real estate services stocks favored by hedge funds. Analyst Trevor Young at Barclays recently upgraded ZG from Underweight to Equalweight, with a price target increase to $72, predicting 34% upside based on revenue and EBITDA growth projections.

Citizens analyst Andrew Boone lowered ZG’s price target to $85 from $90 and rated the stock as Outperform. The reduced target still offers over 58% upside potential, but concerns arise from the merger between COMP and Anywhere, potentially impacting Zillow’s competitiveness due to combined Private Exclusives inventory.

Zillow Group (NASDAQ:ZG) operates as a technology-enabled real estate platform, offering various marketplaces and SaaS solutions for property transactions. While ZG presents investment potential, other AI stocks may offer higher upside with less risk. Investors are encouraged to explore AI stock opportunities that align with current market trends.

For more investment opportunities, consider exploring promising mid-cap healthcare stocks under $50 and small-cap industrial stocks under $50. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Optimistic Financial Outlook Sparks Confidence in Zillow Group (ZG)