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Fly News Breaks for June 13, 2019
ZG
Jun 13, 2019 | 06:04 EDT
Piper Jaffray analyst Jason Deleeuw started Zillow Group with a Neutral rating and $48 price target. The pace and profitability of the Zillow Offers ramp is "highly uncertain" as iBuying is still a new market segment with numerous competitors competing heavily on price, Deleeuw tells investors in a research note. The analyst recommends waiting for more significant progress on Zillow Offers or a lower entry point in the stock.
News For ZG From the Last 2 Days
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
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.
