We recently reported that Zillow’s share price had spiked in preparation for possible renter concessions. NASDAQ released a short report on what investors should do next and the consensus is ‘buy, buy, buy.’
Within the last month, Zillow stock has jumped 33.3% and is above its 20-Day SMA. This upwards trajectory along with Zillow’s boost in proptech capabilities point towards the perfect time to invest in the company.
Zillow has earned a Zacks Rank #2 (Buy), meaning that the trajectory isn’t going to lower or slow down any time soon and that the company hasn’t hit a ceiling yet. It will continue this upward motion.