JMP Securities Maintains Market Outperform on Zillow Gr, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Nicholas Jones maintains a Market Outperform rating on Zillow Group (ZG) but lowers the price target from $68 to $62.

May 02, 2024 | 4:34 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
JMP Securities maintains a Market Outperform rating on Zillow Group but reduces the price target from $68 to $62.
While the reduction in price target from $68 to $62 by JMP Securities indicates a slight adjustment in valuation expectations, the maintenance of a Market Outperform rating suggests continued confidence in Zillow Group's market performance. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target against a backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100