Market Overview

UPDATE: Goldman Sachs Reiterates Neutral Rating, Raises PT on Trulia on Stronger 4Q Results

IAC Uses Reverse-IPO Maneuver With HomeAdvisor To Create $4.2-Billion Combo With Angie's List
4 Other Industries Augmented Reality Could Disrupt

In a report published Wednesday, Goldman Sachs reiterated its Neutral rating on Trulia (NYSE: TRLA), and raised its price target from $25.00 to $27.00.

Goldman Sachs noted, “4Q results came in better than expected with revenues growing 75% yoy to $20.6mn versus our estimate of $19.4mn and consensus at $19.0mn, while adjusted EBITDA of $0.6mn was in line with consensus. The company issued above-consensus guidance which appears conservative given the strong trajectory of both agent and ARPU growth. We see multiple levers for growth and margin expansion, but with the stock trading at 17X 2014E EV/EBITDA, in line with its closest comparables, we believe valuation reflects strength of the model. Maintain Neutral.”

Trulia closed on Tuesday at $23.79.

Latest Ratings for TRLA

Oct 2014Deutsche BankMaintainsHold
Jul 2014NeedhamDowngradesBuyHold
Jul 2014BarclaysMaintainsEqual-Weight

View More Analyst Ratings for TRLA
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings


Related Articles (TRLA)

View Comments and Join the Discussion!