What To Know About Wedbush's Upgrade of Zillow Gr

Wedbush upgraded its rating of Zillow Gr ZG to Outperform with a price target of $41.00, changing its price target from $37.00 to $41.00.

Shares of Zillow Gr are trading down 3.99% over the last 24 hours, at $33.72 per share.

A move to $41.00 would account for a 21.59% increase from the current share price.

About Zillow Gr

Zillow Group is an Internet-based real estate company that has historically focused on deriving ad revenue from third-party brokers on online marketplaces such as Zillow.com, Trulia, and HotPads. More recently it has shifted its focus to iBuying via the Zillow Offers platform.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.