Piper Sandler lowered the firm’s price target on Zillow (Z) Group (ZG) to $90 from $93 and keeps an Overweight rating on the shares. The firm notes the company delivered a mixed result with Q4 results generally better than it was modeling. However, they will start the year with measured expectations, including revenue growth of just 11%, below the 17% seen in Q4, Piper adds.
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