UK's Rightmove stock tumbles over 28% as AI investments expected to weigh on 2026 profit [MSNBC.com]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
NASDAQ:AMEX Investor Relations:
plc.rightmove.co.uk/investors
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Source: MSNBC.com
Key PointsShare in British real estate listing companyRightmoveRightmove projected a operating profit growth of 3% to 5% in 2026, coming in lower than its forecast of 9% growth this year. The firm put the shrinking down to its investments as it upgrades internal systems and its consumer-facing app and search tools. It's also looking at newer applications of , such as agents.UBS analysts said the "strategic pivot poses important questions that the market will not yet have answers to" and moved its price target and rating for Rightmove to under review.This is a developing story. Check back for updates.
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