Zillow Group price target raised to $52 from $48 at Canaccord

Canaccord analyst Maria Ripps raised the firm’s price target on Zillow Group to $52 from $48 and keeps a Hold rating on the shares. The analyst said we remain bullish on Zillow’s ability to leverage a strong brand and technology-first orientation to continue transforming the way homebuyers navigate the real-estate market, and we are optimistic on the company’s ability to significantly increase the share of industry transactions it facilitates.