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Zillow Group Class A (ZG) Receives a Buy from Bernstein

Tipranks - Tipranks - Wed Jan 21, 6:56AM CST

In a report released today, Nikhil Devnani from Bernstein reiterated a Buy rating on Zillow Group Class A, with a price target of $95.00.

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Devnani covers the Consumer Cyclical sector, focusing on stocks such as Maplebear, Etsy, and DoorDash. According to TipRanks, Devnani has an average return of 15.2% and a 58.75% success rate on recommended stocks.

In addition to Bernstein, Zillow Group Class A also received a Buy from Citizens JMP’s Andrew Boone in a report issued on January 12. However, on January 9, Mizuho Securities downgraded Zillow Group Class A (NASDAQ: ZG) to a Hold.

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Based on Zillow Group Class A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $676 million and a net profit of $10 million. In comparison, last year the company earned a revenue of $581 million and had a GAAP net loss of $20 million

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