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Zillow Group price target lowered to $92 from $95 at UBS

UBS analyst Chris Kuntarich lowered the firm’s price target on Zillow Group (ZG) to $92 from $95 and keeps a Buy rating on the shares. The firm raised FY26 revenue growth and EBITDA estimates to 15.2% year over year and $789M on stronger Q3/Q4 guidance, especially in Residential, though EBITDA margins are trimmed to 26.6% amid sustained investment in Rentals and Mortgage, the analyst tells investors in a research note. Despite a sluggish housing backdrop, mid- to high-single-digit EHS TTV growth and new monetization initiatives could support further upside, UBS says.

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