Zillow Group price target raised to $65 from $60 at Benchmark

Benchmark raised the firm’s price target on Zillow Group to $65 from $60 and keeps a Buy rating on the shares after the company was able to “put up a clean quarter and guide” that the firm argues also highlighted the “effects of the platform flywheel they have been building.” While acknowledging that the macro is “still going to be the near-term deciding factor around investor sentiment,” the firm adds that “it is getting harder and harder to ignore the building increases in penetration, conversion, and listings.”