Citi ‘incrementally positive’ on Zillow shares after meetings

Citi is “incrementally positive” on shares of Zillow Group (ZG) after meetings with management. While housing macro headwinds continue, Zillow’s strategy and newer products and services are scaling, which bodes well going forward, the analyst tells investors in a research note. The firm says Zillow is leveraging its 230M monthly unique users for efficient acquisition and management focuses on achieving positive operating income. It keeps a Buy rating on the shares with a $62 price target.