Zillow Group stock surges to record $10.5B market cap

Momentum reflects Wall Street's confidence in the company and RE tech. But with Premier Agent revenue growth slowing, Zillow will need to keep innovating.

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The forward momentum, which culminated Tuesday with afternoon trading at $57 a share, reflects growing investor interest in real estate technology, a renewed focus on small- and mid-cap businesses and Wall Street’s widening clarity on Zillow’s overall strategy, analysts said.