Zillow Poised To Reap Benefits of Lower Mortgage Rates, Wedbush Says [Yahoo! Finance]
Zillow Group, Inc. - Class C Capital Stock (Z)
Last zillow group, inc. - class c capital stock earnings: 8/6 04:06 pm
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Source: Yahoo! Finance
Shares of the real estate company are up about 50% since the company named a new CEO in early August. Wedbush is bullish on the company's software and services initiatives. Zillow Group ( Z ) is well positioned to benefit from lower U.S. mortgage rates , Wedbush analysts said Monday. The firm upgraded the online real estate marketplace to "outperform" from "neutral," and raised its price target to $80 from $50. Shares of Zillow rose more than 4% to $62.34 Monday afternoon and are up about 50% since Aug. 7, when it named a new Chief Executive Officer (CEO) , former Chief Operating Officer (COO) Jeremy Wacksman, alongside better-than-expected second-quarter results Mortgage Rates Have Been Falling Since 2024 Peak in April U.S. 30-year mortgage rates have fallen to 6.03% from their 2024 high of 7.52% on April 25, Wedbush noted, and Zillow's software and services (S&S) initiatives are a potential growth catalyst. "We believe the S&S offerings, along with Zillow's core broke
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News
- Why Zillow Stock Skyrocketed This Week [Yahoo! Finance]Yahoo! Finance
- Move over, gyms and pools: Renters want pet areas and happy hourPR Newswire
- Zillow Group, Inc. (NASDAQ: Z) was upgraded by analysts at Wedbush from a "neutral" rating to an "outperform" rating. They now have a $80.00 price target on the stock, up previously from $50.00.MarketBeat
- Mortgage payments fall lower than rent in 22 of the 50 largest US metrosPR Newswire
- Zillow (ZG) Up 9% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
Z
Earnings
- 8/7/24 - Beat