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Zillow price target lowered to $70 from $77 at Jefferies

Jefferies lowered the firm’s price target on Zillow to $70 from $77 and keeps a Buy rating on the shares. Following earnings, the firm’s 2025 revenue estimate decreases by 3% to reflect a delayed housing recovery caused by stubbornly high rates, while its EBITDA estimate decreases by 6% as lower Revenue from depressed housing transactions flows through the P&L.

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