BofA lowered the firm’s price target on Zillow (Z) Group (ZG) to $72 from $84 and keeps a Neutral rating on the shares ahead of the company’s report due on May 7. The firm is slightly raising its Q1 estimates given better-than-expected real estate transaction volume during the quarter, but given elevated macro uncertainty it expects some demand erosion in the second half and notes that its 2025-27 revenue estimates remain below the Street.
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