Citi lowered the firm’s price target on CoStar Group (CSGP) to $90 from $97 and keeps a Buy rating on the shares. The company’s Q3 marked another transition and reset quarter, yet with hopes that bookings have now bottomed and that revenue growth will bottom in Q4, the analyst tells investors in a research note. The firm reduced fiscal 2025 growth and margin expectations citing the “temporary bookings lull” likely impacting the first half of next year.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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:
- Snap upgraded, McDonald’s downgraded: Wall Street’s top analyst calls
- CoStar Group downgraded to Sector Perform from Outperform at RBC Capital
- CoStar Group Reports Strong Q3 2024 Financial Results
- CoStar Group to acquire Visual Lease, terms not disclosed
- CoStar Group reports Q3 EPS 13c, consensus 16c