After CoStar Group (CSGP) provided a press release that included 2026-28 group financial targets, Homes.com long-term spending assumptions and other performance benchmarks and an additional $1.5B share repurchase program, JPMorgan analyst Alexei Gogolev noted that Bloomberg consensus is at the top end of management’s new guidance range. However, arguing that CoStar’s CFO “tends to be conservative,” the preliminary revenue forecast “appears encouraging,” according to the analyst, who has an Overweight rating on the shares.
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