Benchmark Maintains a 'Buy' on Zillow (Z); Increases Across The Board; Raising Numbers
Tweet
Share
E-mailGet Alerts Z Hot Sheet
Price: $43.63 --0%
Rating Summary:
16 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 8
Rating Summary:
16 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 8
Join SI Premium – FREE
Benchmark maintains a 'Buy' on Zillow (NASDAQ: Z) price target raised from $40 to $44.
Analyst, Zillow reported strong 1Q12 results. Zillow’s Premier Agent program remains the driver, with revenue up 141% y/y, driven by a 74% increase in subscribers. Zillow is increasing investments; a sound strategy to protect its first-mover advantage."
"2Q11 guidance projects increased investments in engineering, advertising and sales force expansion. We believe these investments are warranted to protect Zillow’s first mover advantage. We project increased revenue and investment. We estimate 2Q12 revenue of $27 million, up 70% y/y, with EBITDA of $4.2 million. For 2012, we estimate revenue of $111 million, up 68% y/y, and EBITDA of $22 million, up 82%."
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 $36.10 yesterday.
Analyst, Zillow reported strong 1Q12 results. Zillow’s Premier Agent program remains the driver, with revenue up 141% y/y, driven by a 74% increase in subscribers. Zillow is increasing investments; a sound strategy to protect its first-mover advantage."
"2Q11 guidance projects increased investments in engineering, advertising and sales force expansion. We believe these investments are warranted to protect Zillow’s first mover advantage. We project increased revenue and investment. We estimate 2Q12 revenue of $27 million, up 70% y/y, with EBITDA of $4.2 million. For 2012, we estimate revenue of $111 million, up 68% y/y, and EBITDA of $22 million, up 82%."
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 $36.10 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fox Factory Holding (FOXF) PT Lowered to $45 at Stifel
- W.R. Berkley (WRB) PT Lowered to $93 at Truist Securities
- Spotify (SPOT) PT Raised to $375 at Benchmark
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeSign 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!
