Benchmark analyst Daniel Kurnos raised the firm’s price target on Zillow (Z) Group (ZG) to $100 from $80 and keeps a Buy rating on the shares. Fundamentals seem to be the focal point, and “it appears that, at least for now, investors are willing to give Zillow the benefit of the doubt” as it relates to mid-cycle margins and earnings, the analyst argues. If the firm had been worried about “overexuberance on the margin side” in 2023, and then “a bit of overenthusiasm on the revenue side” in 2024, 2025 consensus “looks to be right down the fairway,” the analyst added.
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