Bernstein analyst Nikhil Devnani raised the firm’s price target on Zillow (Z) Group (ZG) to $65 from $60 and keeps a Market Perform rating on the shares. While the firm acknowledges execution and growth was solid in 2024, Bernstein says its struggle is valuation and a lack of GAAP EPS. The firm is also a touch below Street on Residential revenue, but new products could help here.
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