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.

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.