Needham analyst Mayank Tandon reiterated a Buy rating on CoStar Group (NASDAQ:CSGP) on Tuesday, setting a price target of $1100, which is approximately 30.28% above the present share price of $844.33.
Tandon expects CoStar Group to post earnings per share (EPS) of $1.90 for the second quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in CoStar Group, with an average price target of $1053.43.
The analysts price targets range from a high of $1100 to a low of $979.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $457.7 million and a net profit of $101.21 million. The company's market cap is $33.35 billion.
According to TipRanks.com, Needham analyst Mayank Tandon is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.1% and a 63.47% success rate.
Founded in 1987, CoStar Group, Inc. is based in the District of Columbia and provides information, analytics, and marketing services to the commercial real estate industry. The company offers its services through three divisions: Information and analytics, Online marketplaces, and Commercial property and land.