JMP Securities raised the firm’s price target on Zillow Group to $68 from $60 and keeps an Outperform rating on the shares. Zillow delivered solid fourth quarter results, beating both top- and bottom-line estimates, with the top-line outperformance spanning all segments, the analyst tells investors in a research note. The company also offered “increasingly optimistic” commentary around accelerating trends throughout 2024 amid a flat housing market, JMP says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ZG:
- Zillow Group Reports Fourth-Quarter and Full-Year 2023 Financial Results
- ZG Upcoming Earnings Report: What to Expect?
- CoStar launching $1B campaign to market Homes.com, WBJ reports
- Zillow Group price target raised to $70 from $58 at Piper Sandler
- Zillow Group price target raised to $66 from $60 at RBC Capital