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.
納斯達克股票\Z今日交易上漲，由中立評級升至買入，目標價從$50升至$80。
The analyst Jay McCanless writes they see a potential boost from lower mortgage rates for Zillow's core brokerage business.
分析師Jay McCanless寫道，他們認爲低貸款利率對Zillow的核心券商業務有潛在推動作用。
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.
分析師補充說，住宅收入線中包含的S＆S收入在最近幾個季度相較於全國二手房市場爲公司的更快收入增長做出了貢獻。
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.
由於貸款利率可能直到第四季度才對買家有所益處，McCanless維持了第三季度的營運利潤及營業收入預測，這些預測位於Zillow指導的高端。
Related Read: Zillow Group Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance, New CEO, 'Increasingly Diversified And Growing Business'
相關閱讀：Zillow Group第二季度業績：營業收入超出預期，每股收益超出預期，提供強勁的指導，新CEO，業務「日益多元化且增長迅速」
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.
對於2025財年，分析師將收入估計提高至25億美元，而非24億美元，將營運利潤和營業收入估計提高至6790萬美元，而非6000萬美元。
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.
從各業務角度來看，分析師將住宅收入的2025財年增長預測提高至17％，將租賃收入的增長預測提高至10％，這是由於強勁的租賃需求和高強度的施工活動驅動的。
On the other hand, McCanless lowered the FY25 opex/sales target to 77% due to higher revenue.
另一方面，由於收入增加，McCanless將2025財年運營開支/銷售目標降至77％。
Mortgage revenue is projected to grow 5% year-over-year, though upside risk remains if Residential revenue grows as expected, adds the analyst.
抵押貸款收入預計同比增長5％，儘管如果住宅收入如預期增長，仍存在上行風險，分析師補充說。
Investors can gain exposure to the stock via Global X PropTech ETF (NASDAQ:PTEC) and Jacob Funds Inc. Jacob Forward ETF (NYSE:JFWD).
投資者可以通過Global X PropTech ETF（納斯達克:PTEC）和Jacob Funds Inc. Jacob Forward ETF（紐交所:JFWD）獲得該股的曝光。
Price Action: Z shares are up 4.84% at $62.63 at the last check Monday.
價格走勢：Z股票在上週一最後一次檢查時上漲了4.84％，至62.63美元。
Photo via Shutterstock
圖片來自shutterstock。
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