JP Morgan Maintains Overweight on CoStar Gr, Lowers Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Alexei Gogolev maintains an Overweight rating on CoStar Group (NASDAQ:CSGP) but lowers the price target from $108 to $99.
October 23, 2024 | 5:29 pm
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JP Morgan has maintained its Overweight rating on CoStar Group but has lowered the price target from $108 to $99, indicating a more cautious outlook.
The lowering of the price target from $108 to $99 by JP Morgan suggests a more cautious outlook on CoStar Group's future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100