- The shares of Zillow Group Inc (NASDAQ: ZG) (NASDAQ: Z) have received a $75 price target from Wolfe Research. These are the details.
The shares of Zillow Group Inc (NASDAQ: ZG) (NASDAQ: Z) have received a $75 price target from Wolfe Research. And Wolfe Research analyst Deepak Mathivanan initiated coverage of Zillow Group with a “Peer Perform” rating.
Mathivanan adjusted the rating as the company is going through a remodeling. And Mathivanan noted that after the recent decision to wind down its Homes business, Zillow is entering a phase where the trajectory in core Premier Agent (PA), the business will be increasingly dependent long-term on product enhancements.
With the uncertainty on its PA revenue growth trajectory, Mathivanan believes Zillow’s core IMT EBITDA margins are likely to be under pressure over the next few quarters.
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