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UPDATE: Goldman Sachs Initiates Zillow at Buy on Future Growth Outlook

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Goldman Sachs initiated coverage on Zillow (NASDAQ: Z) with a Buy rating and a $47 price target.

Goldman Sachs said, "Zillow is a leading online real estate information marketplace with a technology focus that has driven market-leading user growth and brand differentiation. We continue to heavily favor stocks connected to the businesses that benefit most from the growth in mobile usage, particularly subscription models like Zillow's. An early investor in mobile, Zillow has developed a strong value proposition for both consumers and advertisers, and that coupled with additional levers of future growth through increased agent penetration, ARPU, and vertical and product expansion puts us at Buy."

Zillow closed at $37.95 on Wednesday.

Latest Ratings for Z

DateFirmActionFromTo
Jun 2015Guggenheim SecuritiesInitiates Coverage onOutperform
Jun 2015Pacific CrestAssumesSector PerformSector Perform
May 2015BarclaysMaintainsEqual-weight

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View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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