Stifel reiterated its 'sell' rating on Rightmove after the stock rose 9% due to takeover speculation. The broker argues the gains will likely reverse as no credible bidder exists, with REA Group ruling out further bids and other potential buyers facing obstacles like antitrust issues or their own sales processes. Rightmove's strategy includes a £60 million AI investment seen as catch-up rather than innovation, with expected slower revenue growth and shrinking profit margins through 2028. This outlook keeps the stock unattractive despite recent price gains.
Rightmove's takeover speculation contrasts with Pluang's Real Estate sector data as of Oct 09, 2026 18:41 WIB: among 34 priced US Real Estate stocks, 26 rose and 5 fell. Notable movers include IIPR at USD 51.55 with a 0.71% decline and 100% buy order activity, EQIX at USD 1,018.00 up 0.68% with 100% buy orders, and NLY at USD 18.39 up 0.66% with 89% buy orders. Typical hold times range from 86 to 110 days across these assets.
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