Needham Maintains Buy on CoStar Gr, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon maintains a Buy rating on CoStar Group (NASDAQ:CSGP) but lowers the price target from $105 to $90.

February 21, 2024 | 11:50 am
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NEUTRAL IMPACT
Needham maintains a Buy rating on CoStar Group but lowers the price target from $105 to $90.
While the maintenance of a Buy rating suggests continued confidence in CoStar Group's fundamentals and growth prospects, the reduction in the price target could indicate concerns about near-term challenges or valuation adjustments. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive endorsement against the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90