Zillow Upgraded, Analyst Predicts Strong Growth With Lower Mortgage Rates On The Horizon
Zillow Upgraded, Analyst Predicts Strong Growth With Lower Mortgage Rates On The Horizon
McCanless maintained third-quarter estimates, which are at the high end of Zillow's guidance for AEBITDA and revenue, as lower rates may not benefit buyers until the fourth quarter.Zillow Group, Inc. (NASDAQ:Z) shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $50 to $80.
纳斯达克股票\Z今日交易上涨，由中立评级升至买入，目标价从$50升至$80。
The analyst Jay McCanless writes they see a potential boost from lower mortgage rates for Zillow's core brokerage business.
分析师Jay McCanless写道，他们认为低贷款利率对Zillow的核心券商业务有潜在推动作用。
The S&S revenues, included in the Residential revenue line, have contributed to faster revenue growth compared to the national existing home market in recent quarters, adds the analyst.
分析师补充说，住宅收入线中包含的S＆S收入在最近几个季度相较于全国二手房市场为公司的更快收入增长做出了贡献。
McCanless maintained third-quarter estimates, which are at the high end of Zillow's guidance for AEBITDA and revenue, as lower rates may not benefit buyers until the fourth quarter.
由于贷款利率可能直到第四季度才对买家有所益处，McCanless维持了第三季度的营运利润及营业收入预测，这些预测位于Zillow指导的高端。
Related Read: Zillow Group Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance, New CEO, 'Increasingly Diversified And Growing Business'
相关阅读：Zillow Group第二季度业绩：营业收入超出预期，每股收益超出预期，提供强劲的指导，新CEO，业务“日益多元化且增长迅速”
For FY25, the analyst raised the revenue estimate to $2.5 billion from $2.4 billion and AEBITDA estimate to $679 million from $600 million.
对于2025财年，分析师将收入估计提高至25亿美元，而非24亿美元，将营运利润和营业收入估计提高至6790万美元，而非6000万美元。
Segment-wise, the analyst increased FY25 growth estimates for Residential revenue to 17% and Rental revenue to 10%, driven by strong rental demand and high construction activity.
从各业务角度来看，分析师将住宅收入的2025财年增长预测提高至17％，将租赁收入的增长预测提高至10％，这是由于强劲的租赁需求和高强度的施工活动驱动的。
On the other hand, McCanless lowered the FY25 opex/sales target to 77% due to higher revenue.
另一方面，由于收入增加，McCanless将2025财年运营开支/销售目标降至77％。
Mortgage revenue is projected to grow 5% year-over-year, though upside risk remains if Residential revenue grows as expected, adds the analyst.
抵押贷款收入预计同比增长5％，尽管如果住宅收入如预期增长，仍存在上行风险，分析师补充说。
Investors can gain exposure to the stock via Global X PropTech ETF (NASDAQ:PTEC) and Jacob Funds Inc. Jacob Forward ETF (NYSE:JFWD).
投资者可以通过Global X PropTech ETF（纳斯达克:PTEC）和Jacob Funds Inc. Jacob Forward ETF（纽交所:JFWD）获得该股的曝光。
Price Action: Z shares are up 4.84% at $62.63 at the last check Monday.
价格走势：Z股票在上周一最后一次检查时上涨了4.84％，至62.63美元。
Photo via Shutterstock
图片来自shutterstock。
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