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RBC Capital Sticks to Its Buy Rating for Zillow Group Class A (ZG)

Tipranks - Tipranks - Thu Mar 19, 7:02AM CDT

In a report released yesterday, Brad Erickson from RBC Capital reiterated a Buy rating on Zillow Group Class A, with a price target of $95.00. The company’s shares closed yesterday at $45.05.

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Erickson covers the Communication Services sector, focusing on stocks such as Zillow Group Class A, Alphabet Class A, and Angi. According to TipRanks, Erickson has an average return of 15.9% and a 50.81% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zillow Group Class A with a $73.21 average price target, which is a 62.51% upside from current levels. In a report released on March 13, J.P. Morgan also reiterated a Buy rating on the stock with a $84.00 price target.

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Based on Zillow Group Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $654 million and a net profit of $3 million. In comparison, last year the company earned a revenue of $554 million and had a GAAP net loss of $52 million

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