Truist lowered the firm’s price target on CoStar Group to $85 from $100 after its lower than expected Q4 guidance but keeps a Buy rating on the shares. The firm states that it expects the company to continue investing in Residential in 2025, and this should be the first year of “resurgent operating leverage”. Truist adds that it is recommending that investors use weakness in shares to add to positions.
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- CoStar Group price target lowered to $85 from $101 at BofA
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- CoStar Group price target lowered to $90 from $100 at JMP Securities
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