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Fly News Breaks for May 11, 2015
Z
May 11, 2015 | 07:26 EDT
SunTrust upgraded Zillow Group to Buy from Neutral and increased its price target to $130 from $110. The firm believes Zillow expectations have been lowered enough that the company can return to beat and raise type quarters. SunTrust expects Zillow to benefit from the secular shift towards researching and discovering properties online, increasing mobile usage, and margin leverage, and said its dominant position is underappreciated by investors.
News For Z From the Last 2 Days
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.
