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Fly News Breaks for February 5, 2018
CSGP
Feb 5, 2018 | 08:32 EDT
SunTrust analyst Andrew Jeffrey raised his price target on CoStar to $410, saying the company is poised for organic revenue growth acceleration and margin expansion from the cross-sales of its integrated Suite offering. Jeffrey contends that the December-quarter bookings were not an aberration despite being aided by a bankruptcy of the company's competitor, noting that investments that were made to support growth in the past few years are yielding results. 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.