-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下：我們重申ZG未來12個月的目標價為50美元，相當於我們2026年每股盈餘預期值的22倍。我們的估值倍數低於ZG過去三年的平均估值倍數40倍，我們認為這恰當地反映了美國聯邦貿易委員會（FTC）反壟斷調查帶來的不利影響。然而，我們的每股盈餘預期模型顯示，ZG的策略執行依然強勁。我們預測，在市佔率成長和租賃業務強勁勢頭的推動下，ZG 2026年營收將達到29.81億美元（年成長15.4%）。我們預測，ZG 2026年EBITDA利潤率將達到25.3%，較上半年成長130個基點，這一成長主要集中在下半年，因為上半年的大量法律和行銷投資將逐漸減少。 我們將ZG 2026年的每股盈餘預期從2.00美元上調至2.27美元，2027年的每股盈餘預期從2.50美元上調至3.00美元。最終，ZG目前的估值較預期低50%，提供了一個極具吸引力的買入時機。我們認為，市場過度關注短期訴訟和宏觀經濟逆風，而低估了隨著房地產市場逐步恢復正常，ZG在人工智慧驅動下持續發展所帶來的獲利潛力。
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