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Fly News Breaks for April 15, 2015
Z
Apr 15, 2015 | 07:35 EDT
Canaccord noted Zillow held a conference call to update guidance following its Trulia acquisition. The firm said the company's outlook was negatively impacted by Trulia but that Zillow is enjoying strong performance. Canaccord expects synergies to kick in and sees the potential for ad pricing expansion as the company operates from a position of strength versus competitors. Canaccord maintained its Buy rating, but lowered its price target to $115 from $125 on Zillow Group shares.
News For Z From the Last 2 Days
Z
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.
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.
