CoStar Group (CSGP) Shares Hit Oversold Territory with RSI at 29.7
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10h ago
0mins
Source: NASDAQ.COM
- Price Fluctuation: CoStar Group (CSGP) shares fell to $59.33 on Friday, with an RSI of 29.7, indicating that the recent heavy selling may be exhausting, prompting investors to look for buying opportunities.
- Market Comparison: Compared to the S&P 500 ETF (SPY) with an RSI of 67.5, CSGP's significantly lower RSI suggests relative weakness in its stock price, potentially attracting investors seeking a rebound.
- Historical Performance: CSGP's 52-week low is $59.33 and high is $97.43, with the current trading price at $59.55, indicating the stock is hovering at a low level, which may present potential value buying opportunities for investors.
- Investor Sentiment: In the current market environment, CSGP's oversold condition may lead investors to reassess their investment strategies, especially as the stock price approaches its 52-week low, potentially drawing increased buying interest.
Analyst Views on CSGP
Wall Street analysts forecast CSGP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSGP is 92.88 USD with a low forecast of 60.00 USD and a high forecast of 105.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
6 Buy
3 Hold
1 Sell
Moderate Buy
Current: 61.360
Low
60.00
Averages
92.88
High
105.00
Current: 61.360
Low
60.00
Averages
92.88
High
105.00
About CSGP
CoStar Group, Inc. is a provider of online real estate marketplaces, information, and analytics in the property markets. It manages its business in two segments: North America, which includes the United States and Canada, and International, which primarily includes Europe, Asia-Pacific and Latin America. Its major brands include CoStar, a global provider of commercial real estate data, analytics, and news; LoopNet, a commercial real estate marketplace; Apartments.com, a platform for apartment rentals; and Homes.com, a residential real estate marketplace. Its other brands include STR, which is engaged in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a residential property portal in the United Kingdom. The Company, through Matterport, Inc., is advancing property insights and driving the growth of AI-driven digital twin technology across the global commercial and residential real estate sector.
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.
