ZG: Reviewing the possible scenarios, Target= 45.3 by Dec 2023

Zillow Group stock's price bottomed out at 26.21 last year after weeks of massive sell-off. Since Jan 2023, The stock has shown the tendency to move higher. In the best case scenario, the price can reach to area between 52 and 62 by dec 2023 which offers more than 30% upside given current price. In the worst case scenario, stock can fall as low as 31.8 which suggests more than 25% decline in price.

In short-term, stock price is likely to rebound if it reaches the area between 37.4 and 40. Dec 2023 Target for base case scenario is around 45.