CoStar Group price target raised to $100 from $85 at Truist

Truist analyst Andrew Jeffrey raised the firm’s price target on CoStar Group to $100 from $85 and keeps a Buy rating on the shares. CoStar has a long track record of generating high ROI on transformative investments, as it did in CRE and Multifamily marketplaces, the analyst tells investors in a research note. Truist remains confident that the company can achieve its 2027 goal of $5B in revenue and $2B in adjusted EBITDA, which implies a nearly 50% three-year EBITDA CAGR.