Zillow Group price target raised to $35 from $30 at Bernstein

Bernstein analyst Nikhil Devnani raised the firm’s price target on Zillow Group to $35 from $30 and keeps an Underperform rating on the shares. The firm notes Zillow’s Q4 print was relatively positive versus expectations. However, Q1 guidance was more mixed — revenue met the Street, while EBITDA missed notably on the back of continued reinvestment, Bernstein adds.