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Bernstein Keeps Their Buy Rating on Zillow Group Class A (ZG)

Tipranks - Tipranks - Sat Mar 7, 1:58AM CST

Bernstein analyst Nikhil Devnani maintained a Buy rating on Zillow Group Class A yesterday and set a price target of $85.00. The company’s shares closed yesterday at $47.01.

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Devnani covers the Consumer Cyclical sector, focusing on stocks such as DoorDash, Maplebear, and eBay. According to TipRanks, Devnani has an average return of 7.9% and a 46.51% 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 $73.86 average 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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