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

Tipranks - Tipranks - Wed Mar 4, 6:30AM CST

In a report released yesterday, Nikhil Devnani from Bernstein maintained a Buy rating on Zillow Group Class A, with a price target of $85.00. The company’s shares closed yesterday at $43.70.

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According to TipRanks, Devnani is a 4-star analyst with an average return of 7.9% and a 49.41% success rate. Devnani covers the Consumer Cyclical sector, focusing on stocks such as Maplebear, DoorDash, and eBay.

In addition to Bernstein, Zillow Group Class A also received a Buy from Citi’s Ronald Josey in a report issued on February 12. However, on the same day, Susquehanna maintained a Hold rating on Zillow Group Class A (NASDAQ: ZG).

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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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