Canaccord Genuity Maintains a 'Buy' on Zillow (Z); Pricing Power Growing, Mobile Points to Upside

Canaccord Genuity maintains a 'Buy' on Zillow (NASDAQ: Z) price target raised from $32 to $42.

Analyst, Michael Graham, said, "Zillow reported solid Q4 results that beat consensus handily although missed our Street-high estimates. Impressively, Marketplace ARPU grew by 6.7% sequentially, demonstrating continued strong pricing power...We are raising our revenue/adjusted EBITDA/adjusted EPS estimates for 2012 to $107.6M/$23.7M/$0.37 from $105.9M/$23.1M/$0.35." (Raises FY14 EPS estimate from $1.24 to $1.32)

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 $33.99 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson
• Morgan Stanley Downgrades oOh!media (OML:AU) to Equalweight