Zillow (NASDAQ:ZG) shares rose 3.5% after Bernstein upgraded the stock to ‘Outperform’ and raised its price target to $105 from $75. The upgrade reflects strong confidence in the company’s outlook, citing expectations for mid-teens revenue growth and contributions from new business segments. The stock hit a new 52-week high at $88.11. Zillow’s shares are somewhat volatile, with 11 moves greater than 5% over the last year. The market considers this news meaningful but not a fundamental change. Zillow is up 25.7% year-to-date, reaching a new high. Investors who bought $1,000 worth of shares 5 years ago would now have $918.10.

Read more at StockStory Media Group: Zillow (ZG) Stock Is Up, What You Need To Know