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Fly News Breaks for February 23, 2018
CSGP
Feb 23, 2018 | 09:09 EDT
Needham analyst Mayank Tandon raised his price target on CoStar Group to $430 after a beat on Q4 results, showing "strong revenue growth" in the core segments and the LoopNet upsell opportunity gaining momentum. Tandon keeps his Buy rating, adding that the "upbeat" FY18 outlook reflects the positive impact of the recent ForRent acquisition and tax reform, with more upside potential for estimates on conversion of legacy LoopNet customers.
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.