In a report released on January 25, Ashish Sabadra from RBC Capital maintained a Buy rating on CoStar Group (CSGP – Research Report), with a price target of $85.00. The company’s shares closed yesterday at $77.78.
According to TipRanks, Sabadra is a 3-star analyst with an average return of 1.3% and a 50.56% success rate. Sabadra covers the Services sector, focusing on stocks such as Cintas, Equifax, and ARAMARK Holdings.
Currently, the analyst consensus on CoStar Group is a Strong Buy with an average price target of $92.50, which is a 18.93% upside from current levels. In a report released on January 25, JMP Securities also maintained a Buy rating on the stock with a $85.00 price target.
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CSGP market cap is currently $31.47B and has a P/E ratio of 91.81.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSGP in relation to earlier this year.
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Founded in 1987, CoStar Group, Inc. is based in the District of Columbia and provides information, analytics, and marketing services to the commercial real estate industry. The company offers its services through three divisions: Information and analytics, Online marketplaces, and Commercial property and land.
Read More on CSGP:
- National Association of Realtors a hurdle for Move Inc. sale, Bloomberg says
- Jefferies lodging/leisure analyst holds analyst/industry conference call
- News Corp. in discussions to sell 80% Move stake to CoStar, FT reports
- Truist leisure/lodging analyst holds an analyst/industry conference call
- CoStar Group initiated with an Overweight at JPMorgan
