Zillow Group (Z) : Analyst Rating Update

Zillow Group (Z) : 6 analysts are covering Zillow Group (Z) and their average rating on the stock is 2.67, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Zillow Group (Z) stock is expected to deviate a maximum of $6.38 from the average target price of $29 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $34 and the most muted being $20.

Zillow Group (NASDAQ:Z): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.80 and $34.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.08, notching a gain of 0.26% for the day. The total traded volume was 830,047 . The stock had closed at $34.99 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Cowen & Company, upgrades their rating on the shares of Zillow Group (NASDAQ:Z). Cowen & Company has a Market Perform rating on the shares. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on May 4, 2016.

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