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.
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