SunTrust Robinson Keeps a Buy Rating on Zillow Group Inc (ZG)

SunTrust Robinson analyst Naved Khan maintained a Buy rating on Zillow Group Inc (ZGResearch Report) today and set a price target of $56. The company’s shares closed last Monday at $36.72.

Khan observed:

“We believe that Flex’s expansion (predicated upon a successful test) would put 3-5 year target for core IMT within easier reach while also creating synergies with Offers and adding to Zillow’s competitive advantages in the iBuyer segment.”

According to TipRanks.com, Khan is a 5-star analyst with an average return of 18.4% and a 71.6% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Wix.com Ltd, and trivago NV.

Currently, the analyst consensus on Zillow Group Inc is a Moderate Buy with an average price target of $49, implying a 26.7% upside from current levels. In a report issued on August 8, Canaccord Genuity also maintained a Buy rating on the stock with a $62 price target.

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The company has a one-year high of $50.99 and a one-year low of $26.20. Currently, Zillow Group Inc has an average volume of 986.8K.

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Zillow Group, Inc. engages in the provision of real estate and home-related information marketplaces on mobile and the web. The company operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment.