BUZZ-KeyBanc upgrades Zillow Group to 'overweight' on upside potential

Reuters

04 Feb

BUZZ-KeyBanc upgrades <a href="https://laohu8.com/S/Z">Zillow</a> Group to 'overweight' on upside potential

** Brokerage KeyBanc upgrades real estate service provider Zillow Group ZG.O to "overweight" from "sector weight", with a PT of $100

** Says housing market will improve "modestly" in 2025, sees potential upside to Street estimates even without any improvement in existing home sales through 2026

** Says ZG's integrated app experience and increased market penetration can continue driving growth in a historically challenging real estate market

** Co is set to announce Q4 results on Feb. 11

** 16 of 28 brokerages rate the stock "buy" or higher, 11 "hold" and one "sell"; with a median PT of $80.50 - data compiled by LSEG

** ZG rose 25% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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