BUZZ-KeyBanc upgrades Zillow Group to 'overweight' on upside potential
ReutersFeb 3, 2025 6:00 PM
Brokerage KeyBanc upgrades real estate service provider Zillow Group ZG.O to "overweight" from "sector weight", with a PT of $100
Says housing market will improve "modestly" in 2025, sees potential upside to Street estimates even without any improvement in existing home sales through 2026
Says ZG's integrated app experience and increased market penetration can continue driving growth in a historically challenging real estate market
Co is set to announce Q4 results on Feb. 11
16 of 28 brokerages rate the stock "buy" or higher, 11 "hold" and one "sell"; with a median PT of $80.50 - data compiled by LSEG
ZG rose 25% in 2024
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