DA Davidson keeps a Buy rating and $52 price target on Zillow Group while noting that the firm’s proprietary analysis shows that its “Listing Showcase” offering continues to grow its share of available for-sale home listings as well as its footprint of paying listing agents in the key U.S. real estate markets. The recent NAR commission lawsuit settlement could make the success and scaling of Listing Showcase an even more important objective for Zillow Group in the coming quarter and years, the firm added.
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