JPMorgan raised the firm’s price target on CoStar Group to $105 from $104 and keeps an Overweight rating on the shares. The analyst says CoStar is looking to bring Homes.com to the forefront of home buying, similar to how it grew Apartments.com, through content, brand awareness, and soon, monetization initiatives. The firm views CoStar as an attractive long-term software-as-a-service play on the real estate industry.
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