Zillow stock price analysts say clear catalysts like

Analysts say clear catalysts like declining mortgage rates or increased housing inventory could set the stage for sharp upward moves. Before exiting Zillow Offers in 2021, Zillow had already halted new purchases while it grappled with renovation backlogs and other operational bottlenecks. Extended holding periods meant higher maintenance expenses, property taxes and other costs that ate up margins. Zillow never could contain them, and volatility in home prices made the business unsustainable. The Zillow stock price has been hovering around $52 for most of the week, aligning with investor expectations for stable Q2 earnings. EPS forecasts remain at $0.27, supported by rising ad revenues from mortgage lead generation. Technical patterns indicate a potential breakout if market sentiment improves. Zillow stock price faced mild pressure today, sliding 0.35% to $51.60 as reports showed sluggish April housing starts. Traders are watching 50-day moving average support at $51.20; a breach could trigger momentum-driven selling toward $49.