Fly News Breaks for November 29, 2017
CSGP
Nov 29, 2017 | 08:32 EDT
After CoStar Group disclosed that the FTC has issued a second request for information on the company's agreement to acquire ForRent, Stephens analyst Brett Huff said he thinks this deal likely does not get blocked, citing the fact that RentPath and Craigslist exist as "potent" competitors in the rental market. Huff, who added that he would be a buyer of CoStar with or without the ForRent asset, keeps an Overweight rating and $350 price target on the shares.
News For CSGP From the Last 2 Days
CSGP
Mar 18, 2024 | 09:55 EDT
Notable gainers among liquid option names this morning include Alphabet Class A (GOOGL) $150.68 +9.50, Alphabet (GOOG) $151.47 +9.31, CoStar Group (CSGP) $99.90 +4.72, NVIDIA (NVDA) $915.52 +37.16, and PepsiCo (PEP) $169.57 +4.91.
CSGP
Mar 18, 2024 | 06:31 EDT
JMP Securities raised the firm's price target on CoStar Group to $110 from $85 and keeps an Outperform rating on the shares. The firm is encouraged by the National Association of Realtors Antitrust Settlement, which, pending a judge's approval, should remove an overhang around speculation regarding what a resolution may look like, the analyst tells investors in a research note. The firm sees a more favorable environment for Homes.com's monetization model, though it is still early to gauge the impact on revenue growth.