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Fly News Breaks for August 7, 2018
Z
Aug 7, 2018 | 07:41 EDT
KeyBanc analyst Brad Erickson lowered his price target for Zillow to $56 from $63 while reiterating an Overweight rating on the shares. The analyst believes the company's lowered guidance and mortgage origination acquisition create significant noise that should hit the stock, but thinks the company remains best positioned to capture more profit from the real estate transaction through added utility as it explores new ways to move down funnel.
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.
