Market Overview

UPDATE: Deutsche Bank Initiates Coverage on Zillow on Positive Outlook, High Price Estimates

Related Z
6 People You Need To Know In Fintech
7 Internet Stocks On Canaccord's Dashboard

In a report published Friday, Deutsche Bank analyst Lloyd Walmsley initiated coverage on Zillow (NASDAQ: Z) with a Hold rating and $83.00 price target.

In the report, Deutsche Bank noted, “Zillow has done an excellent job building a real estate asset spanning listings, mortgages, and home improvement with the largest audience in the space. Zillow's TV ad campaign has accelerated audience growth and may eventually translate into revenue across its segments. At revenue multiples of 21x this year and 15x next and EBITDA multiple of 70x on 2015, however, Zillow is the most expensive stock in our universe. As such, the company's strong positioning and growth opportunities appear to be reflected in the shares. We launch with a Hold rating.”

Zillow closed on Thursday at $98.51.

Latest Ratings for Z

Jul 2016Morgan StanleyMaintainsOverweight
May 2016Cowen & Co.UpgradesUnderperformMarket Perform
May 2016BenchmarkMaintainsBuy

View More Analyst Ratings for Z
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Lloyd WalmsleyAnalyst Color Initiation Analyst Ratings


Related Articles (Z)

View Comments and Join the Discussion!