Information Provided By:
Fly News Breaks for October 14, 2019
ZG
Oct 14, 2019 | 08:50 EDT
Craig-Hallum analyst Brad Berning believes Zillow's Flex model has the potential, if executed, to provide material upside to the company's business model of up to a 70% increase in unit economics while the PA 4.1 lead generation approach also offers material upside to double its lead close rate for used home sales market share. Further, the analyst thinks that the confusion in the market has led to a substantial risk premium priced into the stock versus what he believes will be a likely substantially higher revenues simply under the move to PA 4.1 and materially higher unit economics on Flex, if Zillow is able to execute on nationwide basis. Berning has a Buy rating and $55 price target on the shares.
News For ZG From the Last 2 Days
There are no results for your query ZG