Zillow stock stumbles after Mizuho downgrade flags listing-access fight and Flex legal risk
Zillow shares fell about 2% Friday after Mizuho downgraded the stock to Neutral and slashed its price target to $70, citing legal risks over home listings and uncertainty around the Flex program. The downgrade comes as a court ruling nears in a Compass lawsuit challenging Zillow’s listing access policy. Rising mortgage rates and new federal bond purchases have added volatility to housing stocks. Analyst targets for Zillow have dropped in recent months.