Canaccord Genuity Morning Coffee on Zillow (Z): Pow Wow!
Tweet
Share
E-mailGet Alerts Z Hot Sheet
Price: $35.70 -0.06%
Rating Summary:
17 Buy, 15 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
17 Buy, 15 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity Morning Coffee on Zillow (Nasdaq: Z): Pow Wow!
After meeting with management, Canaccord Genuity Technology Analyst Michael Graham believes progress at Zillow has been steady since the company reported strong Q4 results on February 15. Key takeaways from his meetings include: 1) Unique user growth remained strong in February. Graham currently forecasts unique user growth to slow from 85% in 2011 to 68% in 2012, but notes that rapid growth of mobile app usage could provide upside; 2) He believes the Zillow Mortgage Marketplace will see increasing emphasis and visibility, and could emerge as an important revenue driver as soon as this year; 3) The next potential driver of revenue growth could come from the rental market, an opportunity which Zillow is just beginning to develop; and 4) Graham continues to expect operating leverage to progress smoothly on an annual basis, with some potential for bumps quarter to quarter. He believes that over the course of 2012 important new revenue streams may become evident, driving continued operating momentum. Graham remains bullish on Zillow and believes that the company offers one of the best margin expansion profiles in the sector.
After meeting with management, Canaccord Genuity Technology Analyst Michael Graham believes progress at Zillow has been steady since the company reported strong Q4 results on February 15. Key takeaways from his meetings include: 1) Unique user growth remained strong in February. Graham currently forecasts unique user growth to slow from 85% in 2011 to 68% in 2012, but notes that rapid growth of mobile app usage could provide upside; 2) He believes the Zillow Mortgage Marketplace will see increasing emphasis and visibility, and could emerge as an important revenue driver as soon as this year; 3) The next potential driver of revenue growth could come from the rental market, an opportunity which Zillow is just beginning to develop; and 4) Graham continues to expect operating leverage to progress smoothly on an annual basis, with some potential for bumps quarter to quarter. He believes that over the course of 2012 important new revenue streams may become evident, driving continued operating momentum. Graham remains bullish on Zillow and believes that the company offers one of the best margin expansion profiles in the sector.
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
- Ferrovial SA (FER:SM) (FRRVF) Reiterated at Buy by UBS on Winning Bid For Tennessee Project
- Benchmark Reiterates Buy Rating on NVIDIA (NVDA), Updates Estimates
Create E-mail Alert Related Categories
Analyst CommentsSign 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!
