Wedbush Says That Zillow (ZG) Has $45.0 Stock Target

September 15, 2018 - By Jimmy Baldridge

Zillow Group, Inc. (NASDAQ:ZG) Logo

Why Has Wedbush Given Zillow (ZG) a $45.0 Price Target

Wedbush sent to clients and investors in a recent research note that it started coverage on Zillow (ZG) stock, with “Neutral” rating and a $45.0 TP.

Zillow Group, Inc. (NASDAQ:ZG) Ratings Coverage

Among 13 analysts covering Zillow Group (ZG), 3 have Buy rating, 0 Sell and 10 Hold. Therefore 23% are positive. Zillow Group has $70 highest and $40 lowest target. $50.44’s average target is 9.37% above currents $46.12 stock price. Zillow Group had 19 analyst reports since April 4, 2018 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Monday, June 11. The rating was downgraded by Morgan Stanley on Wednesday, April 18 to “Equal-Weight”. As per Monday, June 18, the company rating was downgraded by Goldman Sachs. The firm has “Buy” rating given on Friday, September 7 by Canaccord Genuity. The rating was downgraded by RBC Capital Markets on Tuesday, May 8 to “Sector Perform”. Craig Hallum downgraded Zillow Group, Inc. (NASDAQ:ZG) on Friday, April 13 to “Hold” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, April 13 report. Deutsche Bank maintained it with “Hold” rating and $50 target in Tuesday, May 8 report. Canaccord Genuity reinitiated Zillow Group, Inc. (NASDAQ:ZG) on Thursday, May 31 with “Buy” rating. As per Monday, April 23, the company rating was upgraded by Macquarie Research.

The stock decreased 0.04% or $0.02 during the last trading session, reaching $46.12. About 527,561 shares traded. Zillow Group, Inc. (ZG) has risen 15.90% since September 15, 2017 and is uptrending. It has outperformed by 0.28% the S&P500.

Analysts await Zillow Group, Inc. (NASDAQ:ZG) to report earnings on November, 6. They expect $-0.01 EPS, down 120.00 % or $0.06 from last year’s $0.05 per share. After $-0.03 actual EPS reported by Zillow Group, Inc. for the previous quarter, Wall Street now forecasts -66.67 % EPS growth.

Zillow Group, Inc. operates real estate and home-related information marketplaces on mobile and the Web in the United States. The company has market cap of $9.28 billion. The firm offers a portfolio of brands and products to enable people find information about homes and connect with local professionals. It currently has negative earnings. The Company’s brands focus on various stages of the home lifecycle, including renting, buying, selling, and financing.

More recent Zillow Group, Inc. (NASDAQ:ZG) news were published by: Seekingalpha.com which released: “A Deeper Look At Zillow’s Instant Offer Numbers” on August 21, 2018. Also Fool.com published the news titled: “3 Things Zillow CEO Spencer Rascoff Wants You to Know” on September 12, 2018. Benzinga.com‘s news article titled: “3 Ways Technology Is Changing The Financial Sector” with publication date: September 13, 2018 was also an interesting one.

Zillow Group, Inc. (NASDAQ:ZG) Ratings Chart

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