|Day Low/High||34.80 / 36.14|
|52 Wk Low/High||26.20 / 50.99|
A close over $38.75 should get the stock up for a move into the mid-$40s
Zillow (Z) reported lower-than-expected earnings for the 2016 third quarter after today's closing bell.
Conference Call to be Webcast Live at 2 p.m. PT
In recent trading, shares of Zillow Group Inc have crossed above the average analyst 12-month target price of $35.50, changing hands for $35.69/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
The online real estate leader's latest earnings report shows good momentum for a number of businesses. But markets wanted more.
Zillow (ZG) reported higher than expected earnings and CEO Spencer Rascoff gave a breakdown on the company's transition from startup to mature.
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