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Zillow Group price target lowered to $70 from $72 at BofA

BofA lowered the firm’s price target on Zillow (Z) Group (ZG) to $70 from $72 and keeps a Neutral rating on the shares after Q1 revenue and EBITDA beat expectations but the Q2 outlook came in below the Street view. The firm is slightly raising its revenue estimates to reflect stronger growth in Rentals, offset by softer trends in Residential, but lowering its 2025 EBITDA estimate by 5% to $610M, the analyst tells investors.

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