DA Davidson analyst Tom White keeps a Buy rating and $63 price target on Zillow Group. The firm’s proprietary analysis indicates that the company’s “Listings Showcase” offering is rapidly growing its footprint of paying listing agents in the key U.S. real estate markets, the analyst tells investors in a research note. DA Davidson adds that the recent National Association of Realtor commission lawsuit settlement could make the success/scaling of Listings Showcase an even more important objective for Zillow in the coming quarter and years.
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