From Financial Modeling Prep: 2024-12-02 12:23:00

Canaccord Genuity analysts raised Zillow Group’s price target to $86 from $64, with a Hold rating, following a 40% surge in stock price driven by strong quarterly performance and strategic advancements.

Zillow reported robust third-quarter results, exceeding revenue and profitability expectations, showcasing a competitive edge in the residential real estate sector with disciplined cost management.

Strategic initiatives, including the acquisition of Virtual Staging AI and expanded partnership with Realtor.com, enhanced Zillow’s market position, while the introduction of BuyAbility provided real-time home affordability analysis for users.



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