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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZG:
- Morning Movers: Tapestry and Crocs rise after quarterly results
- Zillow Group price target lowered to $95 from $110 at Benchmark
- Zillow price target lowered to $90 from $100 at Wedbush
- Zillow Group price target raised to $82 from $80 at Piper Sandler
- Zillow price target lowered to $79 from $93 at JPMorgan