Zillow Group price target raised to $36 from $35 at Barclays

Barclays analyst Trevor Young raised the firm’s price target on Zillow Group to $36 from $35 and keeps an Underweight rating on the shares. The company reported a sizable Q3 beat and Q3 sales were guided ahead of estimates, which keeps Zillow on track for double digit growth in 2024, even amid an uncertain residential backdrop, the analyst tells investors in a research note. The firm is more cautious, but concedes that outcome is still possible even if industry transactions soften.