Analysts See 12% Upside For The Holdings of QQEW
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2024
0mins
Source: NASDAQ.COM
ETF Analyst Target Price Insights: The First Trust NASDAQ-100 Equal Weighted Index Fund ETF (QQEW) has an implied analyst target price of $142.26, indicating a potential upside of 12.33% from its current trading price of $126.65.
Notable Holdings with Upside Potential: Key underlying holdings such as PDD Holdings Inc, Qualcomm Inc, and CoStar Group, Inc. show significant upside potential, with expected increases of 28.37%, 26.85%, and 25.61% respectively, based on their average analyst target prices.
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Analyst Views on CSGP
Wall Street analysts forecast CSGP stock price to rise
13 Analyst Rating
8 Buy
4 Hold
1 Sell
Moderate Buy
Current: 33.930
Low
48.00
Averages
74.92
High
101.00
Current: 33.930
Low
48.00
Averages
74.92
High
101.00
About CSGP
CoStar Group, Inc. is a provider of online real estate marketplaces, information, analytics, and three-dimensional (3D) digital twin technology in the property markets. The Company operates through two segments, which include Commercial Real Estate and Residential Real Estate. Its Commercial Real Estate segment offers commercial real estate information and analytics, online marketplaces, and 3D digital twin technology. Its brands include CoStar and LoopNet. Its CoStar offers subscription-based access to its platform of commercial real estate intelligence. Its LoopNet is a commercial real estate marketing site which enables property owners, landlords, and brokers to advertise properties for sale or lease on a site. Its Residential Real Estate segment hosts marketplaces which aggregate consumer demand for homes to rent or buy and sell marketing and leads to the agents, owners, landlords, and property management companies to reach consumers with offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Construction Sector Rebound: The construction sector grew by 0.4% in March, primarily driven by repair and maintenance activities rather than new projects, suggesting a focus on existing assets that may influence future investment directions.
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See More
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See More
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- London Yield Increase: According to CoStar, London's transaction-based office yield rose by 50 basis points to 6.5% in Q1 2026, up from 6% in Q4 2025, indicating a gradual recovery in market confidence.
- Regional Yield Decline: Although regional office yields reached a 12-year high at the end of 2025, they slightly decreased by 30 basis points to 10.3% in Q1 2026, reflecting the stability of the regional market.
- Narrowing Yield Gap: The yield spread between London and regional markets narrowed to 370 basis points, down from 480 basis points two quarters ago, although this gap remains historically wide, indicating a shift in market dynamics.
- Central London vs. Big Six: Central London office yields increased by 30 basis points to 5.7%, while Big Six yields compressed by 30 basis points to 8.8%, narrowing the gap to 310 basis points, showcasing a trend of market consolidation.
See More
Miami Estate Sale Sets Record at $47 Million
- Luxury Home Sales Data: In April, a waterfront estate in Miami sold for $47 million, marking the highest publicly marketed sale of the month and indicating robust demand in the high-end real estate market.
- Market Trend Analysis: Los Angeles and Phoenix followed with sales of $41.3 million and $32.5 million respectively, demonstrating that multiple markets are seeing ultra-luxury transactions exceeding $20 million, reflecting the ongoing allure of high-end properties.
- Regional Sales Concentration: Publicly marketed sales in Miami, Los Angeles, Phoenix, San Francisco, and New York City all surpassed $20 million, underscoring the demand for luxury homes, particularly those with water views.
- Homes.com Market Position: As the second-largest residential real estate marketplace in the U.S., Homes.com attracted an average of 108 million unique visitors per month in 2025, highlighting its significant role in facilitating high-end property transactions.
See More
Glasgow City Centre Office Leasing Hits Record High
- Significant Leasing Growth: According to CoStar data, Glasgow's city centre office leasing reached 230,000 sq. ft. in Q1 2026, marking an 85% quarter-on-quarter increase and a 34% year-on-year rise, indicating a strong market recovery.
- Return of Large Deals: The first quarter saw three lettings exceeding 20,000 sq. ft., surpassing the total for all of 2025, which pushed the average deal size in the city centre to around 6,000 sq. ft., reflecting a resurgence in demand from larger enterprises for office space.
- Stable Leasing Activity: Occupier demand remained stable at approximately 600,000 sq. ft. on a rolling four-quarter basis, up more than a third compared to the average between H2 2022 and H1 2024, demonstrating sustained market activity.
- Vacancy Rate Context: Despite the increase in leasing activity, Glasgow's vacancy rate stands at 12.4%, with the city centre at 15.8%, indicating ongoing supply pressures in the market.
See More
U.S. Home Prices Rise Modestly in April 2026
- National Price Trends: The national median home sale price reached $390,000 in April 2026, reflecting a modest year-over-year increase of 1.7%, indicating a gradual normalization of the housing market despite varying local conditions.
- Inventory Impact: Active listings rose by 6.3% year-over-year, with inventory expansion influencing local market outcomes, while home sales saw a slight increase of 0.6% year-over-year, although affordability constraints continue to pressure sales activity.
- Market Disparities: San Francisco experienced a 7.6% year-over-year increase in home prices, contrasting with a 2.6% decline in San Jose, highlighting significant divergence between neighboring markets as local supply and demand conditions evolve.
- Midwest Market Strength: Median home prices in markets like Cleveland, Kansas City, and Pittsburgh increased by over 7%, demonstrating resilient demand despite rising inventory, suggesting that price growth remains robust in these regions.
See More
UK Economy Exceeds Growth Expectations in Q1 2026
- Economic Recovery: According to CoStar data, the UK economy expanded by 0.6% in Q1 2026, a significant increase from 0.1% in the last quarter of 2025, indicating signs of economic recovery, particularly driven by strong performance in the services sector.
- Construction Sector Rebound: The construction sector grew by 0.4% in March, primarily driven by repair and maintenance activities rather than new projects, suggesting a focus on existing assets that may influence future investment directions.
- Strong Manufacturing Performance: Manufacturing output reached a near four-year high with a PMI of 53.6 in April, indicating ongoing expansion in the manufacturing sector, which further strengthens the overall resilience of the economy.
- Tourism Sector Drag on GDP: Despite overall economic growth, a 6.4% decline in travel agency and tour operator activity was the main drag on GDP, reflecting ongoing challenges faced by the tourism industry.
See More
Corvex Management Increases Stake in CoStar and Lionsgate
- New Investment Moves: Corvex Management initiated positions in CoStar Group (CSGP) and Lionsgate Studios (LION) during Q1 2026, acquiring 850,000 and 1.62 million shares respectively, indicating strong confidence that could enhance their market performance.
- ETF Acquisition: The fund also purchased 5,000 shares of iShares Russell 2000 ETF (IWM), reflecting a bullish outlook on the small-cap market and potential to capitalize on market fluctuations.
- Exit Strategy: On the divestment side, Corvex exited its stake in Oracle (ORCL) by selling 403,000 shares and also reduced its position in Algonquin Power & Utilities (AQN), suggesting a cautious stance that may impact short-term stock performance.
- Increased Stake in Disney: Additionally, Corvex increased its holdings in Disney (DIS) from 1.94 million to 2.16 million shares, demonstrating confidence in the company's long-term growth potential, which could yield greater returns in future markets.
See More
