Zillow Group ZG shares were trading higher on Thursday after SunTrust Robinson maintained Buy rating on the stock and raised its target price from $55 to $68.
Zillow Group is an Internet-based real estate company that has 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.
Zillow Group shares were trading down 1.3% at $61.13 on Thursday. Shares were above the $65.50 level earlier in the day. The stock has a 52-week high of $66.96 and a 52-week low of $18.65.
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