Deutsche Bank analyst Faiza Alwy initiated coverage of CoStar Group (CSGP) with a Buy rating and $89 price target The company’s “proprietary, complex and comprehensive database offers a clear moat,” particularly in its core CoStar suite subscription-based platform, the analyst tells investors in a research note. The firm anticipates stabilization and acceleration for Homes.com as the company refocuses investment in its core business and as the commercial real estate market recovers slowly. It also sees a “significant” growth opportunity for CoStar internationally and continued expansion of product offerings.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSGP:
- CoStar Group expects to hire an additional 1,000 new positions in FY25
- CoStar Group proposing to acquire Australia’s Domain Holdings, AFR says
- CoStar Group price target lowered to $86 from $88 at Citi
- CoStar Group’s Earnings Call Highlights Strong Growth and Strategic Expansion
- CoStar Group price target lowered to $87 from $100 at Needham