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Fly News Breaks for June 18, 2019
Z, ZG
Jun 18, 2019 | 09:22 EDT
Guggenheim analyst Jake Fuller raised his price target on Zillow Group shares to $50 from $45, telling investors that his tracking points to the company gaining traction with its Offers home selling business in several new markets. His analysis of quarter-to-date activity leads the analyst to see Zillow on a trajectory to sell more than 700 homes in Q2, putting it on a path to reach its $230M-$245M segment revenue guidance, Fuller said. He keeps a Buy rating on Zillow shares.
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