0032 GMT - REA's 1Q performance looks very strong to Goldman Sachs analysts, who cite the Australian real-estate advertiser's market leadership as they reiterate a buy rating on the stock. They point out in a note to clients that REA's confidence that it can deliver double-digit buy-yield growth over the next five years contrasts with the challenges faced by smaller rival Domain. The analysts gain extra confidence in the News Corp.-controlled company's short-term performance from the fact that it has upgraded its listings-volumes expectations, from flat to 1% annual growth. GS lifts its target price 2% to A$249.00. Shares are up 0.4% at A$235.16. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 10, 2024 19:32 ET (00:32 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。