BTIG assumed coverage of CoStar Group (CSGP) with a Neutral rating and no price target While the analyst sees “appealing elements” of the CoStar story, it notes that growth investors “historically struggle” with investment cycles and calls this “one of the biggest we’ve seen without visibility on an endpoint.” The current valuation fairly balances a still attractive core commercial real estate business against “what has the feel of an open-ended” residential investment, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSGP:
- Optimistic Outlook for CoStar Group Amid Strategic Investments and Growth in Homes.com
- CoStar Group provides update on lawsuit against Zillow Group
- CoStar Group management to meet with William Blair
- Constellation downgraded, Chipotle upgraded: Wall Street’s top analyst calls
- CoStar Group initiated with an Outperform at Wolfe Research