UPDATE: Canaccord Raises PT on Zillow Following Analyst Day
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.
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