12:12 PM EDT, 08/29/2024 (MT Newswires) -- Zillow Group's ( ZG ) rollout of its "enhanced markets" strategy to simplify home buying seems set to underpin multiyear growth, RBC Capital markets said Wednesday in a report.

Rollouts are expected to accelerate in 2025 with 40 markets by the end of this year expected to boost momentum, RBC said.

Zillow ( ZG ) is optimistic about GAAP profitability in 2025 and expects better enhanced market penetration and revenue growth despite high home prices and stable commission rates, RBC said.

RBC raised its price target on Zillow ( ZG ) to $66 from $60 and maintained its outperform rating.

Zillow ( ZG ) shares eased 0.1% in recent trading Thursday.

Price: 54.47, Change: -0.06, Percent Change: -0.10