Needham Maintains Buy on CoStar Gr, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon maintains a Buy rating on CoStar Group (NASDAQ:CSGP) but lowers the price target from $107 to $100.
October 23, 2024 | 10:19 am
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NEUTRAL IMPACT
Needham analyst Mayank Tandon maintains a Buy rating on CoStar Group but lowers the price target from $107 to $100, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in CoStar Group's prospects, but the lowered price target indicates a slightly less optimistic view on its short-term valuation. This mixed signal is likely to have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100