Zillow Is ‘Best Positioned’ to Navigate Current Real Estate Market. It’s Time to Buy, Analyst Says.

Zillow Group

stock was rising after an analyst from

J.P. Morgan

cited confidence in the performance of the online real estate company despite continuing challenges in the housing market.

J.P. Morgan analyst Dae


initiated coverage of


(ticker: Z) with an Overweight rating and a $48 price target, while the shares closed at $41.11 on Friday. Lee wrote in a research note Monday that he likes the company’s business model and margins in the current volatile housing market.