Barclays raised the firm’s price target on Zillow (Z) Group (ZG) to $64 from $50 and keeps an Underweight rating on the shares. The company reported Q4 revenue and EBITDA ahead of consensus, but Q1 revenue was guided 1% below as transaction activity slowed in December and January, setting the stage for a soft residential backdrop in 2025, the analyst tells investors in a research note. However, the firm says Zillow’s fiscal 2025 revenue guidance of mid-teens growth implies a reacceleration as the year progresses, which is plausible as its enhanced market strategy continues to drive share gains and mortgage attach, and rentals momentum persists.
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