Buy Z by Sep 10, 2026.

Despite the housing market situation, Zillow continues to grow. In 2021, Zillow exited the business of buying and selling homes with its own balance sheet. This allowed the company to de-lever the balance sheet (no more long-term debt) and become profitable in 2025 as a pure fee/licensing business model. The next 4 years should deliver steady EPS growth, something the company has never had even when the EV (enterprise value = mkt cap+debt) was over $30B. Today, the EV is …