Zillow Group, Inc. Class C (NASDAQ:Z) faces a lawsuit alleging it mischaracterized the Redfin deal as a partnership, raising antitrust and disclosure concerns, even as brokers trim price targets and Zillow reports 2024 for-sale listing affordability held steady but remains weakest in major cities.
Previous Week Recap
- Investor Sues Zillow Over Deal Classification: June 10, 2026: Investor sued Zillow Group Class C (Z), alleging Zillow misstated its Redfin deal as a partnership instead of an acquisition, raising antitrust scrutiny and undisclosed legal risk.
- Brokerages Trim Zillow Targets: Jefferies kept Buy on Zillow Group Class C (Z) but cut its price target to $60. Keefe Bruyette & Woods kept Market Perform and cut its target to $37.
- Affordability Stays Steady, Cities Weak: Zillow says 2024 share of for-sale listings affordable to a median-income household held steady after sharp declines; affordability still weakest in New York, Los Angeles, Boston and San Francisco.
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