Zillow Group price target raised to $64 from $56 at Canaccord

Canaccord raised the firm’s price target on Zillow Group (ZG) to $64 from $56 and keeps a Hold rating on the shares. The firm said they reported solid Q3 results, with both revenue and profitability coming in ahead of expectations. The platform is performing well across the board, with upside in all segments except Rentals, which slightly missed the firm’s estimates, and management remains focused on expanding revenue as a percentage of industry Total Transaction Value.