Zillow Group price target raised to $62 from $58 at Citi

Citi raised the firm’s price target on Zillow Group to $62 from $58 and keeps a Buy rating on the shares post the Q2 report. With Zillow’s revenue growth accelerating to 13% year-over-year, outpacing the broader real estate industry at negative 3%, Zillow’s product-led innovations can lead to greater share gains and transaction monetization, the analyst tells investors in a research note. The firm believes Zillow has several growth drivers.