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Fly News Breaks for March 13, 2018
ZG, Z
Mar 13, 2018 | 07:49 EDT
Morgan Stanley analyst Jonathan Lanterman said he sees the rental opportunity as a $2.5B addressable market and he believes Zillow has an opportunity to move further down the spectrum to better monetize its opportunity in that space. By 2025, he thinks Zillow can grow Rentals to over $650M in revenues, which he notes would be nearly as big as Premier Agent is today. Lanterman raised his price target on Zillow to $55 from $50 and keeps an Overweight rating on the shares.
News For Z;ZG From the Last 2 Days
Z, ZG
Apr 25, 2024 | 17:08 EDT
Real Estate Services Analysts, along with James Dwiggns, CEO of NextHome, discuss the latest perspectives on the proposed National Association of Realtors (NAR) Settlement and the implications on brokerage business models (relevant companies ZG/Z, CSGP, COMP, RDFN, EXPI, HOUS, FTHM, REAX, RMAX) on an Analyst/Industry conference call to be held on May 1 at 11 am.
ZG, Z
Apr 24, 2024 | 08:08 EDT
Jefferies raised the firm's price target on Zillow to $77 from $75 and keeps a Buy rating on the shares. The firm expects upside in Q1, though higher mortgage rates and softer housing data exiting the quarter could encourage Zillow to guide Q2 conservatively. Still, the firm sees tailwinds from new products driving upside to consensus in the coming years, the analyst added in a preview note for the U.S. Internet group.
