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Fly News Breaks for January 28, 2020
Z, ZG
Jan 28, 2020 | 05:41 EDT
After hosting a client event with three real estate experts, Deutsche Bank analyst Lloyd Walmsley is "incrementally bullish" on shares of Zillow. The analyst, however, keeps a Hold rating on the name with a $43 price target. After listening to the CEO of a lead generation software company, a strategic consultant in real estate, and a power agent, Walmsley is upbeat on the near-term prospects around Zillow's PA trends and slightly more bullish on its long-term vision.
News For ZG;Z From the Last 2 Days
Z, ZG
Sep 22, 2021 | 14:27 EDT
U.S. existing home sales for August were 576,000, up 2.9%, and prices grew 14.9% year-over-year while inventory remains constrained, declining slightly versus July, Piper Sandler analyst Thomas Champion tells investors in a research note. The analyst says this was the strongest result for the month since 2006. Overall, the market looks strong, which is positive for Zillow Group (ZG) and Redfin (RDFN), says Champion. He keeps an Overweight rating on both stocks.