Needham analyst Mayank Tandon raised his price target on CoStar Group to $475 and kept his Buy rating after its Q2 results "handily" topped consensus. The analyst notes that the earnings growth was driven by LoopNet up-sell conversion process gaining momentum as well as the solid demand trends seen in the multi-family segment with added contributions from the recent ForRent purchase. Tandon adds that the management's raised FY18 guidance still looks conservative due to "faster-than-expected synergies from the ForRent acquisition and broad-based strength".

Matterport, Inc. (MTTR) announced that it will no longer hold its first quarter results conference call originally scheduled for Monday, May 6, 2024 at 1:30 p.m. Pacific time due to the April 22, 2024 announcement that Matterport has entered into a definitive agreement to be acquired by CoStar Group (CSGP). Due to the pending transaction, Matterport will not be providing quarterly financial guidance.

Real Estate Services Analysts, along with James Dwiggns, CEO of NextHome, discuss the latest perspectives on the proposed National Association of Realtors (NAR) Settlement and the implications on brokerage business models (relevant companies ZG/Z, CSGP, COMP, RDFN, EXPI, HOUS, FTHM, REAX, RMAX) on an Analyst/Industry conference call to be held on May 1 at 11 am.