Why Zillow Stock Is Moving
Portfolio Pulse from Ryan Gustafson
Zillow Group, Inc. (NASDAQ:Z) shares are trading higher after receiving an analyst upgrade from Piper Sandler from Neutral to Overweight and a price target increase from $42 to $62. The company also announced the release of its Q2 2023 financial results on Aug. 2. The stock experienced above-average trading volume of 5.35 million shares on Tuesday.
July 11, 2023 | 5:39 pm
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POSITIVE IMPACT
Zillow's stock is trading higher after an analyst upgrade and price target increase. The company also announced the release of its Q2 2023 financial results.
The analyst upgrade and price target increase by Piper Sandler are positive indicators for Zillow's stock. The announcement of the release of its Q2 2023 financial results also adds to the positive sentiment. The above-average trading volume indicates increased investor interest.
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IMPORTANCE 80
RELEVANCE 100