Merrill Lynch analyst David Chu reiterated a Buy rating on Costar Group on Wednesday, setting a price target of $850, which is approximately 18.19% above the present share price of $719.17.
Chu expects Costar Group to post earnings per share (EPS) of $2.00 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in CoStar Group (NASDAQ:CSGP), with an average price target of $822.14.
The analysts price targets range from a high of $900 to a low of $755.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $391.85 million and a net profit of $75.86 million. The company's market cap is $28.21 billion.
According to TipRanks.com, Merrill Lynch analyst David Chu is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -15.6% and a 16.67% success rate.
CoStar Group, Inc. is engaged in the provision of information, analytics, and marketing services to the commercial real estate industry. Its integrated suite of online service offerings includes information about space available for lease, comparable sales information, tenant information, information about properties for sale, internet marketing services, analytical capabilities, information for client's websites, information about industry professionals and their business relationships, data integration, and industry news. It operates through the North America and International segments. The North America segment comprises of U.S. and Canada. The International segment includes of the United Kingdom, Spain, Germany, and France. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.