Zillow Poised For Strong Growth Following Acquisition Of Trulia
JMP Securities on Tuesday issued a report on Zillow Inc (NASDAQ: Z) following the decision by the Federal Trade Commission to close its investigation on Zillow's acquisition of Trulia Inc (NYSE: TRLA).
JMP Securities reiterated Zillow's rating as Outperform and their price target of $140.
Analysts Ronald Josey, Michael Wu, Ignatius Njoku, and Andrew Boone wrote, "With Trulia, we believe it solidifies Zillow as the leader within the $10-$12 billion online real estate market and creates significant new opportunities for the combined entity across the real estate vertical, and in rentals and mortgages."
The large opportunity within online real estate, the potential for sustainable growth across Zillow's businesses, and strong management are all catalysts that the analysts believe will drive Zillow's stock going forward. However there are concerns on the company's profitability as fourth quarter EBITDA was reported at 7 percent below the low end of company guidance.
Zillow Inc. is currently priced at $106.50.
Trulia Inc. is currently priced at $46.89.
Latest Ratings for Z
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 2022 | Jefferies | Assumes | Buy | |
| May 2021 | Deutsche Bank | Maintains | Buy | |
| Apr 2021 | Needham | Initiates Coverage On | Hold |
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Posted-In: Andrew Boone Ignatius Njoku JMP Securities Michael Wu Ronald JoseyAnalyst Color Reiteration Analyst Ratings
