CSGP Price Prediction Next Week
CSGP Stock Price Prediction and Recommendation
Technical Analysis:
The stock price of CoStar Group (CSGP) is currently showing bullish momentum. Based on the technical indicators:
- RSI (14-period): 59.81, indicating the stock is not overbought and has room for further upside.
- MACD: The MACD line is above the signal line (0.59), suggesting bullish momentum.
- Stochastic Oscillator: The %K line (78.41) is above the %D line (64.55), indicating overbought conditions, but the overall trend remains positive.
News and Analyst Sentiment:
- Deutsche Bank has initiated coverage on CSGP with a "Buy" rating and a price target of $89, representing a 17.90% upside from the current price.
- The stock has a strong valuation profile, with a 71% rating from Validea's Benjamin Graham-based Value Investor model, indicating attractive fundamentals.
- Institutional ownership has increased slightly, with some major shareholders like Capital International Investors significantly increasing their holdings.
Price Prediction:
Based on the technical indicators and positive analyst sentiment, the stock is expected to rise to $82.50 in the next trading week.
Recommendation:
Buy CSGP at the current price level, as the stock is likely to continue its upward trend supported by strong fundamentals and bullish technical indicators.
CSGP Similar Chart Price Prediction
The price of CSGP is predicted to go up 14.13%, based on the high correlation periods with WDS. The similarity of these two price pattern on the periods is 90.85%.
CSGP
WDS
Up: 14.13%Similarity: 90.85%
CSGP Revenue Forecast
CSGP EPS Forecast
CSGP FAQs
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CSGP VS S&P500
A dominant market position has allowed CoStar Suite to maintain high renewal rates and above-inflation price increases, leading to strong revenue growth.
Penetration rates of smaller apartment communities and high-value commercial real estate properties are still quite low on online marketplaces, implying a large addressable market for the multifamily and LoopNet segments.
Much of CoStar's business model is easily scalable, which should allow operating margins to improve as revenue grows. Residential investments have attractive risk/reward dynamics for the firm.
CSGP Analyst's Forecast
Peter Christiansen
Citigroup
Strong Buy
2025-02-20
Price Target
$88 → $86
Upside
+9.79%
Citizens JMP lowered the firm's price target on CoStar Group to $85 from $90 and keeps an Outperform rating on the shares. CoStar Group reported solid Q4 results, with both revenue and adjusted EBITDA finishing above consensus estimates, but top- and bottom-line guidance for 1Q25 and the full-year 2025 came in softer than expected, the analyst tells investors in a research note. The firm's thesis remains that CoStar's hiring efforts should bolster revenue growth in its core businesses, while its Residential business creates an overly punitive drag on the share price.
Mayank Tandon
Needham
Strong Buy
2025-02-19
Price Target
$100 → $87
Upside
+9.83%
Peter Christiansen
Citigroup
Strong Buy
2025-01-14
Price Target
$90 → $88
Upside
+26.42%
