JMP Securities Maintains Market Outperform on CoStar Gr, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Nicholas Jones maintains a Market Outperform rating on CoStar Group (CSGP) but lowers the price target from $90 to $85.
February 21, 2024 | 4:57 pm
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NEUTRAL IMPACT
JMP Securities maintains a Market Outperform rating on CoStar Group but lowers the price target from $90 to $85.
While the maintenance of a Market Outperform rating indicates continued analyst confidence in CoStar Group's performance, the reduction in the price target could signal a tempered expectation for the stock's short-term growth potential. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100