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Fly News Breaks for December 19, 2017
CSGP
Dec 19, 2017 | 08:22 EDT
Needham analyst Mayank Tandon raised the price target on CoStar Group to $350 after recent investor meetings, saying the discussion boosted his near-medium term confidence that the company will reap benefits from investments in sales and technology. Specifically, Tandon sees an up-sell opportunity in LoopNet, generating low to mid-teens organic revenue growth and driving EBITDA margin improvement through FY18 and into FY19. The analyst keeps his Buy rating on CoStar Group.
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.