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Fly News Breaks for February 20, 2020
Z, ZG
Feb 20, 2020 | 07:13 EDT
Stephens analyst John Campbell raised the firm's price target on Zillow to $75 from $57 and keeps an Overweight rating on the shares after the company "delivered the type of quarter it needed to not only justify the recent move in the stock" but also another leg higher. He sees growing evidence that Zillow is nearing completion of its first round of putting together an end-to-end platform and believes that the industry is increasingly willing to adopt Zillow as a true partner, Campbell tells investors in a post-earnings recap.
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.