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UPDATE: Canaccord Raises PT on Zillow Following Analyst Day

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In a report published Thursday, Canaccord Genuity analyst Michael Graham reiterated a Buy rating on Zillow (NASDAQ: Z), and raised the price target from $45.00 to $60.00.

In the report, Graham noted, “Zillow held its first analyst day, updating the core strategy and providing thoughtful depth around new marketplaces. The stock may collect at current levels after a strong run on housing market strength, but we leave this event more confident in Zillow's opportunity, strategy, and ability to execute.”

Zillow closed on Wednesday at $54.70.

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings

 

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