Market Overview

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

Share:
Related Z
Mid-Day Market Update: Glaukos Jumps On Strong Q1 Results; Cray Shares Fall
Benzinga's Volume Movers
A National Overview Of American Residential Real Estate Market Trends (Seeking Alpha)

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
May 2016Cowen & CompanyUpgradesUnderperformMarket Perform
May 2016BenchmarkMaintainsBuy
Feb 2016Deutsche BankMaintainsHold

View More Analyst Ratings for Z
View the Latest Analyst Ratings

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

 

Related Articles (Z)

View Comments and Join the Discussion!