Zillow Group price target raised to $82 from $62 at JMP Securities

JMP Securities raised the firm’s price target on Zillow (Z) Group (ZG) to $82 from $62 and keeps an Outperform rating on the shares following “strong” Q3 results that beat estimates on both the top- and bottom-lines. Q4 revenue guidance was in line with expectations, and adjusted EBITDA guidance came in slightly below the Street’s estimate, but shares were up about 14% in aftermarket trading, which the firm attributes to its strong results and durable business trends that indicate continued share gains amid a challenging industry backdrop.