Zillow Group (ZG) PT Raised to $159 at Piper Sandler

Piper Sandler analyst Tom Champion raised the price target on Zillow Group (NASDAQ: ZG) (NASDAQ: Z) to $159.00 (from $133.00) while maintaining an Overweight rating.

The analyst commented, "The company is still working to improve the core product through better search experiences and connections to agents. On the agent side, the goal is to improve the routing of leads to high-quality agents and agnostic between MBP or Flex. Both models will coexist by market going forward. On the ZOffers side, there's optimism on improving economics as early learnings have included i) improved pricing and ii) speed to relist and transact."

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