(Bloomberg) — Zillow Group Inc. shares are pennies below a record high after the company’s sales beat analyst estimates, yet even bullish backers are urging caution amid the stock’s rapid rise.The home-search firm “needed to come up with something special to finally break out of the recent trading range,” according to one Benchmark analyst, the company “did not disappoint, crushing Homes revenue,” Daniel Kurnos wrote. But even with his bullish buy rating on Zillow, he was cautious that the Street may be getting “well ahead of itself” on sales for the fast-growing unit.Goldman and Wedbush maintained their neutral ratings while …read more
Source:: Yahoo Finance
