Zillow Group’s stock (Z) is experiencing a surge following a positive upgrade from Wedbush Securities. The investment firm boosted the stock’s rating to Outperform and raised its price target from $50 to $80, citing the potential for lower mortgage rates to fuel Zillow’s core brokerage business. Wedbush analyst Jay McCanless highlights the significant contributions of Zillow’s services and solutions (S&S) revenues, which are driving faster growth than the national existing home market. Despite maintaining third-quarter estimates, McCanless expects a positive impact of lower rates on Zillow’s business, potentially impacting buyers in the fourth quarter.