SunTrust Reiterates Buy Following Zillow (Z) 1Q Results
Get Alerts Z Hot Sheet
Rating Summary:
16 Buy, 12 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
SunTrust Robinson Humphrey reiterate a Buy rating on Zillow (NASDAQ: Z), with a price target of $130.00, believing 2015 expectations are sufficiently low.
SunTrust analyst, Robert Peck, commented on Zillow saying, "We believe expectations are sufficiently low for 2015 (allowing for post-merger changes). Further, we think the long-term opportunity driven by the secular shift of information and discovery online (mobile) and Z's dominant market position are currently being underappreciated by the Street. We think Z can achieve ~$350M in EBITDA in FY2017 and has several long-term drivers in place. We maintain our Buy rating and $130 price target based on a 25x multiple our 2017E EBITDA and our Central Tendency of Value Methodology."
For an analyst ratings summary and ratings history on Zillow click here. For more ratings news on Zillow click here.
Shares of Zillow closed at $97.98 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- EQT Corp. (EQT) PT Lowered to $46 at Wolfe Research
- Jefferies Downgrades Enphase Energy (ENPH) to Hold, 'Still Muddling Through'
- Fed to extend through May 31, 2024, the public comment period for the application by Capital One Financial (COF) to acquire Discover Financial Services (DFS)
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
SunTrust Robinson Humphrey, Definitive Agreement, Robert PeckSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!