RBC Capital Reiterates Outperform Rating on CoStar Group (CSGP)

RBC Capital analyst Ashish Sabadra reiterated an Outperform rating and $96.00 price target on CoStar Group (NASDAQ: CSGP).

The analyst comments "We marketed with Head of IR, Rich Simonelli, where the conversation predominantly focused on Homes.com investments, bookings, agent attrition, and sales headcount ramp. In addition, investors also discussed CoStar suite bookings weakness in 1H24 and expectations for 2H24, timing of the suite revenue growth inflection, sustainability of the Apartment.com revenue growth, and LoopNet turnaround. Lastly, investors were interested in the progress on the MTTR acquisition close and cross-sell opportunities."

For an analyst ratings summary and ratings history on CoStar Group click here. For more ratings news on CoStar Group click here.

Shares of CoStar Group closed at $79.53 yesterday.

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