RBC Capital Maintains Outperform on Zillow Gr, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson maintains an Outperform rating on Zillow Group (ZG) but lowers the price target from $66 to $60.
May 02, 2024 | 2:37 pm
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RBC Capital maintains an Outperform rating on Zillow Group but lowers the price target from $66 to $60.
The adjustment in price target by RBC Capital reflects a revised valuation assessment of Zillow Group, though the Outperform rating indicates continued confidence in the company's performance. This could lead to mixed reactions in the short term, as the market digests the lower price target against the backdrop of sustained positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100