BMO Capital raised the firm’s price target on CoStar Group to $84 from $79 but keeps a Market Perform rating on the shares. The company is leaning heavily into residential spend, accelerating its investment vs 2023, the analyst tells investors in a research note. CoStar also stands to benefit from the recent NAR settlement, though the valuation on the stock is “a bit rich”, BMO added.
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- CoStar Group price target raised to $95 from $85 at Jefferies
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- Appeals court says DOJ can reopen antitrust probe into NAR, Bloomberg reports
- CoStar Group price target raised to $109 from $95 at RBC Capital
