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Fly News Breaks for February 20, 2020
Z, ZG
Feb 20, 2020 | 07:13 EDT
Stephens analyst John Campbell raised the firm's price target on Zillow to $75 from $57 and keeps an Overweight rating on the shares after the company "delivered the type of quarter it needed to not only justify the recent move in the stock" but also another leg higher. He sees growing evidence that Zillow is nearing completion of its first round of putting together an end-to-end platform and believes that the industry is increasingly willing to adopt Zillow as a true partner, Campbell tells investors in a post-earnings recap.
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