DA Davidson Reiterates Buy Rating on Zillow Group (ZG)

DA Davidson analyst Tom White reiterated a Buy rating and $85.00 price target on Zillow Group (NASDAQ: ZG).

The analyst commented, "Our proprietary analysis shows that ZG’s (BUY, $85 PT, 34x '25 EV/EBITDA) “Showcase Listing” ("SL") offering not only continues to expand its share of available for-sale home listings in the U.S., but has accelerated its pace of penetration since the beginning of this year (driven by a ramp in customer growth, an increase in SLs/ customer, and potentially boosted by seasonality). We're also starting to see some more consistent patterns/trends emerge in the evolving retention picture for the SL product."

For an analyst ratings summary and ratings history on Zillow Group click here. For more ratings news on Zillow Group click here.

Shares of Zillow Group closed at $74.48 yesterday.

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