Zillow Group price target raised to $68 from $62 at Piper Sandler

Piper Sandler analyst Thomas Champion raised the firm’s price target on Zillow Group to $68 from $62 and keeps an Overweight rating on the shares. The company’s Q2 results exceeded the high end of its guidance range, but its Q3 guidance was lower and “too conservative,” the analyst tells investors. Overall, Piper Sandler believes tehse results make sense in the context of its thesis.