DA Davidson analyst Tom White lowered the firm’s price target on Zillow Group (ZG) to $85 from $90 after its “bit light” Q2 guidance but keeps a Buy rating on the shares. The firm cites strong Q1 results featuring topline upside across all key segments and revenue lines, solid operating expense management, and adjusted EBITDA coming in nicely ahead of consensus, the analyst tells investors in a research note.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZG:
- Trump announces trade deal, BoE lowers Bank Rate: Morning Buzz
- Zillow Group price target lowered to $70 from $72 at BofA
- 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