Canaccord Genuity Maintains a 'Buy' on Zillow (Z); Management Meetings Reaffirms Positive Thesis
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Price: $36.19 +1.32%
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
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Canaccord Genuity maintains a 'Buy' on Zillow (NASDAQ: Z) price target of $42.00.
Analyst, Michael Graham, said, "We hosted a series of investor meetings with Zillow CFO Chad Cohen and IRO RJ Jones. We believe investor interest is high as the company is executing well along multiple avenues of expansion, and at roughly $1 billion in market cap is passing the screens of more investors...We foresee a sequencing of revenue upside opportunities: 1) pricing power in Premier Agent (2012), 2) Zillow Mortgage Marketplace (late 2012-2013), and 3) Rentals (late 2013-2014)."
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 $40.19 yesterday.
Analyst, Michael Graham, said, "We hosted a series of investor meetings with Zillow CFO Chad Cohen and IRO RJ Jones. We believe investor interest is high as the company is executing well along multiple avenues of expansion, and at roughly $1 billion in market cap is passing the screens of more investors...We foresee a sequencing of revenue upside opportunities: 1) pricing power in Premier Agent (2012), 2) Zillow Mortgage Marketplace (late 2012-2013), and 3) Rentals (late 2013-2014)."
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 $40.19 yesterday.
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