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Craig Hallum reaffirms Zillow stock rating

By Editor 0 Comments NEWS, Regional News

An analyst at the research, trading, and investment banking firm, Craig Hallum Capital Group, has reiterated a "hold" on Zillow Group's stock, issued in a research note earlier this month, sources say. Currently, there is a price objective of $35.00 on the real estate online classified's stock. The banking firm's price target suggests there is a potential for a 21.15% increase from Zillow's previous close.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Zillow Group from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Jefferies Financial Group raised their price objective on shares of Zillow Group from $60.00 to $76.00 and gave the company a “hold” rating in a research report on Tuesday, July 31st.

They noted that the move was a valuation call. Bank of America cut shares of Zillow Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $70.00 to $60.00 in a report on Tuesday, August 7th. Royal Bank of Canada decreased their target price on shares of Zillow Group to $46.00 and set an “in-line” rating for the company in a report on Tuesday, August 7th. Finally, DA Davidson set a $52.00 target price on shares of Zillow Group and gave the stock a “hold” rating in a report on Tuesday, August 7th.

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