Why Zillow Stock Is Moving

Zillow Group, Inc. Z shares are trading higher Tuesday after the company received an analyst upgrade and its price target was increased.

What To Know: Piper Sandler upgraded the stock from Neutral to Overweight and raised its price target from $42 to $62.

According to data from Benzinga Pro, Z stock experienced above-average trading volume of 5.35 million shares on Tuesday compared to its average volume of 2.64 million.

The company also announced that on Aug. 2, it will release second-quarter 2023 financial results after the close of the market. A conference call and webcast will be hosted afterwards to discuss the results.

Related Link: What's Going On With Coinbase Stock Tuesday?

Z Price Action: Shares of Z were up 8.29% at $51.88 at the time of publication, according to Benzinga Pro

Image by Paul Brennan from Pixabay

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