RBC Capital analyst Ashish Sabadra maintained a Buy rating on CoStar Group (CSGP – Research Report) on March 28 and set a price target of $109.00. The company’s shares closed last Thursday at $96.60.
According to TipRanks, Sabadra is a 4-star analyst with an average return of 4.7% and a 59.77% success rate. Sabadra covers the Industrials sector, focusing on stocks such as Equifax, TransUnion, and Automatic Data Processing.
CoStar Group has an analyst consensus of Strong Buy, with a price target consensus of $97.67, representing a 1.11% upside. In a report released on March 20, Goldman Sachs also reiterated a Buy rating on the stock with a $96.00 price target.
Based on CoStar Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $640.06 million and a net profit of $96.48 million. In comparison, last year the company earned a revenue of $573.35 million and had a net profit of $124.42 million
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CoStar Group (CSGP) Company Description:
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:
- CoStar Group price target raised to $109 from $95 at RBC Capital
- Early notable gainers among liquid option names on March 18th
- CoStar Group price target raised to $105 from $90 at Baird
- CoStar Group price target raised to $111 from $97 at BofA
- CoStar Group price target raised to $110 from $85 at JMP Securities
