Zillow Group price target raised to $92 from $82 at JMP Securities

JMP Securities raised the firm’s price target on Zillow Group (ZG) to $92 from $82 and keeps an Outperform rating on the shares. While the consumer environment remains challenging, improving consumer confidence toward the end of the year suggests some stabilization, the analyst tells investors in a research note. JMP views the company as well-positioned for additional market share gains throughout 2025, particularly if rates decline further and transaction volumes accelerate faster than expected, and notes that Zillow’s core residential business continues to outperform the broader industry.