13 Oversold NASDAQ Stocks to Invest In

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11. Zillow Group (NASDAQ:ZG)

Analyst Upside: 52.42%

Number of Hedge Fund Holders: 74

Zillow Group (NASDAQ:ZG) is one of the most oversold NASDAQ stocks to invest in. On February 9, Keefe Bruyette adjusted the price target on Zillow Group (NASDAQ:ZG) to $80 from $65, maintaining a Market Perform rating on the shares and telling investors that the outcome of the Compass trial remains uncertain.

In another development, KeyBanc cut the price target on Zillow Group (NASDAQ:ZG) to $75 from $90 on February 6 and reaffirmed an Overweight rating on the shares. The firm updated the price target to take into account lower multiples across the internet and technology stocks, and believes that the company’s growth and margin profile remains intact. It thus considers the recent pullback as an attractive buying opportunity.

Zillow Group (NASDAQ:ZG) also received a rating update from Barclays on January 29, which upgraded the stock to Equal Weight from Underweight while raising the price target to $72 from $66. It told investors in a research note that the residential backdrop is “stable, but not yet inflecting”, but the company can post mid-teens revenue growth and faster EBITDA.

Zillow Group (NASDAQ:ZG) provides real estate and home-related information marketplaces on mobile and the web.

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