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Fly News Breaks for February 28, 2020
ZG, Z
Feb 28, 2020 | 06:17 EDT
KeyBanc analyst Edward Yruma initiated coverage of Zillow Group (Z) with a Sector Weight rating and no price target. The company should benefit from favorable near-term housing market dynamics, but internet buying has "significant business model complexity and its full cycle profitability remains unclear," Yruma tells investors in a research note. He believes profitability growth, not revenue growth, will be the driver of stock performance in the Marketplaces category.
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.
