JPMorgan lowered the firm’s price target on Zillow (Z) to $79 from $93 and keeps an Overweight rating on the shares. The shares traded down post the Q1 report on less upside to revenue than anticipated, the analyst tells investors in a research note. However, the firm says Zillow will grow its revenue by mid-teens in 2025 against the housing market “bouncing along the bottom” and drive margin expansion while investing in growth opportunities. Zillow remains its favorite online real estate name.
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Read More on Z:
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