Piper Sandler lowered the firm’s price target on Zillow Group (ZG) to $85 from $94 and keeps an Overweight rating on the shares. The firm notes Q3 results were roughly in-line as management continues to execute in a mixed macro environment. Q3 revenue was slightly ahead of Piper estimates, while EBITDA was +30% year-over-year and above the high end of guidance.
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