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.
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