GARP Research Maintains a 'Neutral' on CoStar Group (CSGP); Another Strong Quarter

GARP Research maintains a 'Neutral' on CoStar Group (NASDAQ: CSGP).

Analyst, Rob Furlong, said, "We think CoStar has several growth opportunities, including selling its core offering in new (albeit smaller) markets, as well as cross-selling new products (PPR, Analytics, or Showcase), raising prices, and porting its model overseas. The addition of LoopNet should add more cross-selling opportunities, strengthen CoStar’s data offering, and perhaps lower research costs. Given the stock’s performance, we’ve been wrong to hold our neutral stance. Nonetheless, we think CSGP would have to nearly triple per-share earnings between 2011 and 2014 to justify the current price."

For an analyst ratings summary and ratings history on CoStar Group click here. For more ratings news on CoStar Group click here.

Shares of CoStar Group closed at $73.17 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Emkay Global Starts Urban Company (URBANCO:IN) at Buy (1)
• Beike (BEKE) PT Raised to $23 at Morgan Stanley