Needham analyst Mayank Tandon raised the firm’s price target on CoStar Group (CSGP) to $105 from $98 and keeps a Buy rating on the shares. The company’s Q2 results beat estimates on broad-based strength and the timing of investment spend, the analyst tells investors in a research note. The firm remains bullish on the shares, saying CoStar continues to execute on its strategy of digitizing the global real estate industry.
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Read More on CSGP:
- CoStar Group’s Strong Financial Performance and Optimistic Outlook Justify Buy Rating
- CoStar Group’s Strong Q2 Performance and Strategic Execution Justify Buy Rating
- CoStar Group Reports Strong Q2 Revenue Growth
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- CoStar Group sees Q3 adjusted EPS 15c-17c, consensus 22c