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Piper Sandler analyst Thomas Champion upgraded shares of real estate platform Zillow to Overweight from Neutral, and lifted his price target to $62 from $42.
Piper Sandler analyst Thomas Champion upgraded shares of real estate platform Zillow to Overweight from Neutral, and lifted his price target to $62 from $42.
The former rivals are now jointly providing cash offers to consumers in a total of 16 markets, most of them spread out across the Sunbelt.
The expansion is part of Zillow's "enhanced markets" program, which is now in six cities and part of the company's efforts to eventually build a real estate "super app."
Zillow’s path forward depends on its ability to capture more leads, further monetize those leads and attach ancillary services like mortgage.