REA's Strong 1Q, Outlook Keep Bull Onside -- Market Talk

Dow Jones11-11

0032 GMT - REA's 1Q performance looks very strong to Goldman Sachs analysts, who cite the Australian real-estate advertiser's market leadership as they reiterate a buy rating on the stock. They point out in a note to clients that REA's confidence that it can deliver double-digit buy-yield growth over the next five years contrasts with the challenges faced by smaller rival Domain. The analysts gain extra confidence in the News Corp.-controlled company's short-term performance from the fact that it has upgraded its listings-volumes expectations, from flat to 1% annual growth. GS lifts its target price 2% to A$249.00. Shares are up 0.4% at A$235.16. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 10, 2024 19:32 ET (00:32 GMT)

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They point ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2237443549.SGD","symbol_name":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2482211570","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482211570","pubTimestamp":1731285120,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0032 GMT - REA's 1Q performance looks very strong to Goldman Sachs analysts, who cite the Australian real-estate advertiser's market leadership as they reiterate a buy rating on the stock. 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They point out in a note to clients that REA's confidence that it can deliver double-digit buy-yield growth over the next five years contrasts with the challenges faced by smaller rival Domain. The analysts gain extra confidence in the News Corp.-controlled company's short-term performance from the fact that it has upgraded its listings-volumes expectations, from flat to 1% annual growth. GS lifts its target price 2% to A$249.00. Shares are up 0.4% at A$235.16. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. 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