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Fly News Breaks for July 24, 2019
CSGP
Jul 24, 2019 | 06:28 EDT
JMP Securities analyst Patrick Walravens raised his price target on CoStar Group to $630 and kept his Outperform rating after its Q2 earnings beat and a 32% rise in bookings to record levels. While the stock has already appreciated over 70% year-to-date and traded flat afterhours following last night's results, the analyst remains positive on the company's "dominant market position" in digital real estate and expects it to maintain its revenue growth and EBITDA margin expansion.