Needham Stick to Their Buy Rating for CoStar Group
Investing.com
Published Jan 29, 2021 04:06AM ET
Needham analyst Mayank Tandon maintained a Buy rating on CoStar Group (NASDAQ:CSGP) on Wednesday, setting a price target of $1000, which is approximately 10.89% above the present share price of $901.8.
Tandon expects CoStar Group to post earnings per share (EPS) of $1.49 for the first quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in CoStar Group, with an average price target of $996.67.
The analysts price targets range from a high of $1000 to a low of $990.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $425.62 million and a net profit of $76.81 million. The company's market cap is $35.55 billion.
According to TipRanks.com, Needham analyst Mayank Tandon is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.2% and a 70.77% success rate.
CoStar Group, Inc. is engaged in the provision of information, analytics, and marketing services to the commercial real estate industry. Its integrated suite of online service offerings includes information about space available for lease, comparable sales information, tenant information, information about properties for sale, internet marketing services, analytical capabilities, information for client's websites, information about industry professionals and their business relationships, data integration, and industry news. It operates through the North America and International segments. The North America segment comprises of U.S. and Canada. The International segment includes of the United Kingdom, Spain, Germany, and France. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.
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