Highlights

  • Berenberg issues a ‘Buy’ rating on Rightmove plc, setting a target price of GBP 785 per share.
  • Rightmove reaffirms its 2025 guidance and introduces 2026 growth outlook, underpinned by operational execution.
  • The company plans to accelerate investment in AI, technology, and platform innovation to sustain long-term growth.
  • Revenue growth for 2025 expected around 9%, with operating margins of 70%.

Rightmove plc (LSE:RMV), the United Kingdom’s leading property portal, received a ‘Buy’ rating from Berenberg, which set a target price of GBP 785 per share. The reaffirmation follows Rightmove’s update to analysts and investors, highlighting financial performance, expanding digital capabilities, and enhanced technology-driven initiatives.

Rightmove continues to demonstrate consistent business execution, maintaining its position as the dominant player in the UK property market. The company is strengthening its long-term growth foundation through technology acceleration, platform scalability, and deeper integration of artificial intelligence (AI) across all areas of its operations.

Under its expanded strategic framework, Rightmove’s consumer engagement metrics remain industry-leading, with over 80% of consumer time share according to Comscore data and more than 70% as per SimilarWeb and data.ai. The company continues to enhance its digital tools across the five core consumer domains—Find, Afford, Transact, Move, and Lifecycle—supporting the end-to-end home-moving experience.

The partner ecosystem has also shown momentum, marked by the fastest uptake of its new Optimiser Edge package for estate agents and early success with Ascend, its premium offering for new home developers. Meanwhile, strategic growth areas, including commercial property, mortgages, and rental services, continue to expand rapidly—delivering a compound annual revenue growth rate of approximately 25% since 2023 and contributing around 7% of total revenue in the first half of 2025.

Rightmove’s AI and platform development are advancing at pace, with around 60% of its infrastructure now cloud-based and 90% of traffic expected to be routed through the cloud by the end of 2025. These upgrades aim to enhance scalability, reliability, and efficiency across the company’s digital ecosystem.

The company reaffirmed its 2025 guidance, projecting revenue growth of approximately 9%, within its existing range of 8–10%, alongside 1% growth in membership and average revenue per advertiser (ARPA) expansion of GBP 95–105 for the year. The underlying operating margin remains steady at 70%.

Looking ahead to 2026, Rightmove anticipates revenue growth of 8–10% and underlying operating profit growth of 3–5%, driven by continued investments in AI, consumer innovation, and platform enhancements. The company has earmarked around GBP 12 million in additional P&L investment and GBP 6 million in capital expenditure for the next financial year to accelerate execution in new growth areas.

Over the period to 2030, Rightmove aims to deliver sustained double-digit profit growth, leveraging its data-driven platform, trusted brand, and strong partner relationships.