Zillow price target raised to $78 from $61 at JPMorgan

JPMorgan raised the firm’s price target on Zillow (Z) to $78 from $61 and keeps an Overweight rating on the shares. Zillow reported strong Q3 results and provided a solid Q4 guide that was better than feared, the analyst tells investors in a research note. The firm says Zillow’s strong execution, as evidenced by its strong performance in recent quarters, gives it increased confidence in Zillow’s ability to continue to outperform the industry.