Needham has decided to maintain its Buy rating of CoStar Gr CSGP and raise its price target from $77.00 to $80.00.
Shares of CoStar Gr are trading up 11.2% over the last 24 hours, at $67.50 per share.
A move to $80.00 would account for a 18.52% increase from the current share price.
About CoStar Gr
CoStar Group is a leading provider of commercial real estate data and marketplace listing platforms. Its data offering contains in-depth analytical information on over 5 million commercial real estate properties related to various subsectors including office, retail, multifamily, healthcare, industrial, self-storage, and data centers. It operates many flagship brands such as CoStar Suite, LoopNet, Apartments.com, BizBuySell, LandsofAmerica, and so on with more than 75% of its revenue classified as subscription-based. The company has also recently expanded its presence in Canada, the United Kingdom, Spain, and France.
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