CoStar Group, Inc. (CSGP) stands strong with its Q2 2024 earnings beating estimates, recording a 178% EPS beat and a 12% YOY revenue increase. CoStar witnessed a significant surge in trading volume following the remarkable earnings. Third quarter earnings are expected to be $0.11 per share. Massive shares purchase by both
O Shaughnessy Asset Management LLC and
CANADA LIFE ASSURANCE Co shows their confidence in CSGP. However, analysts reduced the price targets multiple times with
Bank of America cutting to $89. While some sign of instability was seen as stock's share price decreased due to high interest rates, the outlook remains positive with analysts giving an average recommendation of “Moderate Buy”. CSGP demonstrated market resilience by reporting steady growth despite challenging real estate conditions. Additionally, they have plans to acquire
Matterport, a leader in immersive 3D digital twins and Artificial Intelligence for the real estate industry. CSGP also released 2024 Environmental, Social, and Governance report, confirming their commitment towards developing sustainable and inclusive business practices.
Costar Group CSGP News Analytics from Sat, 11 Nov 2023 08:00:00 GMT to Sun, 28 Jul 2024 04:35:48 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor 3
