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Stock impact report

Optimism Prevails for Zillow Group (ZG) Despite Fears of Third-Party Real Estate Advertisements [Yahoo! Finance]

Zillow Group, Inc. - Class A (ZG) 
Last zillow group, inc. - class a earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.zillowgroup.com
Company Research Source: Yahoo! Finance
RBC Capital analyst Brad Erickson reiterated his bullish call on Zillow Group (NASDAQ:ZG). The analyst assigned a Buy rating on December 15, with a $95.00 price target. As per Erickson's forecasts, investors should expect an upside of almost 41%. Copyright: belchonock / 123RF Stock Photo Erickson's outperform rating came after recent reports about Google showing search results for third-party real estate listings from ComeHome. This indicates Google is entering into the real estate advertising space, which poses a risk to Zillow Group (NASDAQ:ZG). However, Erickson sees such listings as a violation of several Multiple Listing Service (MLS) distribution rules, and predicts that it will shut down in the near future. Hence, he anticipates a very limited fundamental impact on Zillow Group (NASDAQ:ZG). On December 15, Mike Ng from Goldman Sachs also highlighted the same issue and rated the stock as Hold. Ng also expects the near-term effect on Zillow Group (NASDAQ:ZG) to be limited, Show less Read more
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