Goldman Sachs Reiterates Buy Rating on Trulia Ahead of Expected Strong Fundamentals

In a report published Friday, Goldman Sachs analyst Heath P. Terry reiterated a Buy rating and $48.00 price target on Trulia (NYSE: TRLA).

In the report, Goldman Sachs noted, “We expect strong fundamentals driven by improved housing demand, mobile proving accretive to consumer usage and monetization, and an opportunity to accelerate agent growth with the announced acquisition of Market Leader to narrow the valuation gap between Trulia and Zillow, its closest comparable.”

Trulia closed on Thursday at $43.71.