Zillow: Still Too Rich, But Getting Closer
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It has been a full year since I first wrote about Zillow (NASDAQ:Z) for Seeking Alpha, arguing for a sell on the $61 stock, with a $20 price target. I could not have been more wrong, as this price chart starting from the date I wrote that first article shows:
Source: Yahoo Finance
But the chart shows that I was really wrong when the stock peaked at $200 this past February, but got less wrong after a 41% drop since then. And I have reset my price target…
