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Fly News Breaks for February 20, 2020
ZG
Feb 20, 2020 | 07:12 EDT
JMP Securities analyst Ronald Josey raised his price target on Zillow to $77 and kept his Outperform rating after its Q4 earnings beat. The analyst says the company's quarter highlighted the accelerating growth of its core Premier Agent business, while its overall IMT margins expanded "meaningfully". Josey adds that that Zillow's "very healthy" balance sheet of over $2.4B in cash positions it well to build out Homes, Mortgages, and Escrow and Title services.
News For ZG From the Last 2 Days
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.
