CoStar Group Inc. (NASDAQ: CSGP ) is one of them 12 Best Stocks to Buy and Hold for the Next 2 Years.
On February 26, BMO Capital analyst Jeffrey Silber of CoStar Group Inc. (NASDAQ: CSGP ) cut its price target to $53 from $72 while maintaining an outperform rating on the stock. According to analysts, the company’s net new bookings missed expectations despite strength in the year.
Meanwhile, on February 25, Needham at CoStar Group Inc. (NASDAQ: CSGP ) lowered its price target to $60 from $80 while maintaining its buy rating. In his report, Needham of CoStar Group Inc. (NASDAQ: CSGP )’s fourth-quarter results exceeded expectations on both revenue and earnings due to broad-based growth and cost discipline. The company generated $75 million in net new bookings in the fourth quarter, up 42% year-over-year, and recorded $308 million in total bookings for fiscal 2025, representing a 23.2% year-over-year increase.
Needham also said it remains positive on the stock because CoStar Group Inc. (NASDAQ: CSGP ) continues to implement its digitalization strategy and generate double-digit growth while improving margins. The company maintains an impressive 79% gross profit margin.
CoStar Group Inc. (NASDAQ: CSGP) provides online real estate markets, information, and analysis for the commercial and residential property markets.
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Read more: 13 Hot Stocks to Buy with High Upside Potential and 10 Best High Upside Material Stocks to Buy
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