
CoStar Group (CSGP) Stock Forecast & Price Target
CoStar Group (CSGP) Analyst Ratings
Bulls say
CoStar Group demonstrates a positive outlook due to its strong revenue growth, reporting a 10.8% year-over-year increase and a 2.4% quarter-over-quarter growth, with its CoStar Suite achieving a notable 9.5% year-over-year increase. The company is successfully penetrating untapped market opportunities, particularly in Europe, and its subscription-based revenue model, which constitutes over 80% of total revenue, provides a stable financial foundation. Additionally, the significant year-over-year growth of 181% in residential revenue, driven by Homes.com, indicates robust demand and effective marketing strategies that are likely to enhance overall margins and growth in upcoming fiscal years.
Bears say
CoStar Group's financial performance has been impacted by a 14.5% year-over-year decline in information services revenue, largely attributed to the integration of its STR business into CoStar Suite. The company faces significant headwinds from ongoing softness in commercial real estate transaction activity, which is expected to suppress growth into 2025 amidst a challenging market environment. Additionally, the weakening macroeconomic landscape poses risks to its core customer base, as potential cost-cutting measures among clients could escalate cancellations of CoStar's services.
This aggregate rating is based on analysts' research of CoStar Group and is not a guaranteed prediction by Public.com or investment advice.
CoStar Group (CSGP) Analyst Forecast & Price Prediction
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