I am beginning to think Zillow is a buy. I have in the past trusted Jeffries to guide me on what stocks to buy. They in September 2022 said positive things about Zillow (https://www.marketwatch.com/story/zillow-stock-gains-after-jefferies-says-company-has-attractive-setup-into-2023-2022-09-08). Back in September 2022 however I would not have thought about touching Zillow, I would have probably said to buy option puts and to avoid. However now that more people are saying a recession is not coming – I am considering adding Zillow stock to my portfolio.
After talking to my closest friends who invest heavily in stocks told me to avoid Zillow, not because it will not gain, but instead because Zillow is one of a handful of corporations that is raising rent – it is thanks to companies like Zillow rent is out of control. Tbh I do not totally believe that. Inflation is out of control for many reasons, and corporations like Zillow are hardly the main catalyst why prices on everything is going up.
Just using math and looking at the numbers is Zillow a buy? I would say yes, that it is still undervalued, and assuming we have no recession, it is a good stock buy and good to hold for probably many years.
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