BofA lowered the firm’s price target on CoStar Group to $85 from $101 and keeps a Buy rating on the shares after the company’s Q3 results and 2023 guidance missed the firm’s view. However, underlying trends remain strong and the firm thinks the company’s medium-term growth potential “isn’t reflected in the share price,” the analyst tells investors.
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Read More on CSGP:
- CoStar Group price target lowered to $87 from $98 at Baird
- CoStar Group price target lowered to $90 from $100 at JMP Securities
- CoStar Group sees FY23 adjusted EPS $1.21-$1.22, consensus $1.25
- CoStar Group sees Q4 adjusted EPS 31c-32c, consensus 35c
- CoStar Group reports Q3 adjusted EPS 30c, consensus 30c