The firm reiterated its "overweight" rating for the online real estate information marketplace and said a re-rate is expected on the anti-trust approval of the Trulia (TRLA) merger.
"We believe the most important catalyst for Z-possible anti-trust approval for the TRLA merger-is getting closer, we think sometime in 1Q. At that point, we still expect to see a re-rate in shares," said Barclays U.S. Internet analyst Christopher D. Merwin.
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Separately, TheStreet Ratings team rates ZILLOW INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ZILLOW INC (Z) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that net income has been generally deteriorating over time."