Canaccord lowered the firm’s price target on Zillow Group (ZG) to $76 from $86 and keeps a Hold rating on the shares. The firm said momentum across Rentals and Mortgages is expected to support stable Q1 results, with both segments growing roughly 30% year over year. Residential growth likely remained muted amidst continued housing market volatility, however Zillow will likely demonstrate continued progress expanding and scaling its Enhanced Markets.
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