Zillow Group price target raised to $75 from $71 at DA Davidson

DA Davidson raised the firm’s price target on Zillow Group (ZG) to $75 from $71 and keeps a Buy rating on the shares. The company reported a “solid” overall beat in Q3, driven by upside in Zillow’s Residential and Mortgage segments and generally inline performance in Rentals, the analyst tells investors in a research note. The most encouraging of Zillow’s updates was the announcement that its first four initial Enhanced Markets have now doubled their transaction share since the beginning of 2023, the firm added.