KeyBanc Reiterates Overweight Rating on Zillow Group (NASDAQ: ZG) Following Antitrust Settlement

• Analyst firm KeyBanc reaffirmed its Overweight investment rating on Zillow Group, highlighting its positive outlook for the online real estate giant.
• Zillow Group successfully resolved a significant antitrust lawsuit with the Federal Trade Commission (FTC) and five states, involving a $100 million settlement with Redfin.
• Despite the legal settlement, Zillow Group and Redfin will continue their strategic partnership, planning to launch new multifamily advertising products in 2027 to enhance their rental market offerings.

On August 25, 2026, analyst firm KeyBanc reiterated its Overweight investment rating on Zillow Group (NASDAQ: ZG). Zillow Group, a leading online real estate marketplace, provides a platform for home buyers, sellers, and renters. A key competitor in the real estate technology sector is Redfin. The rating was issued when Zillow Group's stock price was $37.95.

The positive rating follows Zillow Group's resolution of a major legal issue. The company settled an antitrust case with the Federal Trade Commission (FTC) and five states. The lawsuit accused Zillow Group of paying Redfin $100 million to stop competing in apartment rental listings, as highlighted by Reuters.

As part of the antitrust settlement, Zillow Group and Redfin will undo part of their $100 million deal. However, Zillow Group confirms its strategic partnership with Redfin will continue. This maintains the sharing of rental listings across platforms like Zillow, Trulia, and Redfin, which the company describes as pro-consumer.

Looking ahead, Zillow Group and Redfin plan to introduce new standalone multifamily advertising products in 2027. This move complements their existing collaboration and expands options for renters and housing providers in the rental market. It signals a new direction for the companies following the settlement.

On the day of the rating, Zillow Group's stock performance showed its stock traded at $37.95, an increase of 3.18%. The stock's 52-week range is between $29.03 and $90.22. The company has a market capitalization of approximately $9.12 billion, which represents the total market value of all its outstanding shares.