Zillow Group price target raised to $60 from $50 at Bernstein

Bernstein raised the firm’s price target on Zillow (Z) Group (ZG) to $60 from $50 and keeps a Market Perform rating on the shares following quarterly results. While the interest rate backdrop remains a challenge for the sector at large, Zillow is executing against its longer-term vision of creating a more holistic digital ecosystem for consumers and agents alike, with more functionality. 2025 appears set-up to be more of the same – more markets, more investment, the firm says.