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This Week’s Stock Picks & BNN Top Picks Summary: V-N, BCE-T and 21 Stock Top Picks (Jun 07-13)
BUY ON WEAKNESS
CoStar Group
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

CSGP has struggled year-to-date down 12%, however we view the recent move to acquire MTTR positively. The balance sheet is in good shape with $3.85B in net cash. Revenue growth is expected to be strong and EPS is expected to double in 2025. The valuation is expensive on a forward earnings basis at 99x, and is above three year averages. On a forward sales basis, the valuation is at a low point on a three-year basis but is still expensive at 10.8x. We think it is a decent company and there is future potential as commercial real estate activity picks up. The valuation is expensive and recent declining profitability are deterrents. 
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TOP PICK
CoStar Group

Sells real estate data to anyone who needs it. Subscription-based, proprietary. Market leader. Just made a smart acquisition. Raised guidance. Stock's fallen a lot this year and he has no idea why. Thinks next year will generate ample free cashflow. No dividend.

(Analysts’ price target is $102.53)
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BUY
CoStar Group

He started buying it in 2021 when shares fell. Only lately has this perked up. The own info about real estate deals globally, and they run platforms like apartments.com and the new Homes.com, launching at the right time now and is already the #2 realtor site. Lots of cash flow. The stock looks expensive, but the CEO is focussed on growth. Fine potential here.

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Unspecified
CoStar Group

It sells subscription data on real estate to high net worth investors, banks, etc. They have a number of platforms but it hasn't performed very well lately because of concern for its bidding on a new platform. Has a great subscription base and is capital light. Not cheap but good long term.

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PAST TOP PICK
CoStar Group
(A Top Pick Jan 04/22, Up 1%) Great counter-cyclical business with the economy slowing. Apartment vacancies and distressed commercial listings start to go up. Capital light. Record results in 2022, he expects the same for 2023.
0
BUY
CoStar Group
Still a buyer. Subscription software for real estate data, plus platforms for advertising vacancies. Homes.com will soon launch to compete with Zillow, etc. in NA and globally. This launch will hurt earnings a bit, but they have money in the bank from other projects. Higher interest rates shouldn't hurt too much.
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TOP PICK
CoStar Group
Largest provider of data on real estate transactions to brokers, agents, banks, institutional investors. Building out its US network and wants to expand globally. Owns various real estate websites. Pulled back about 20%, an opportunity. Double-digit earnings growth over next 3 years. Well run. No dividend. (Analysts’ price target is $105.17)
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CoStar Group(CSGP-Q) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for CoStar Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

CoStar Group(CSGP-Q) Frequently Asked Questions

What is CoStar Group stock symbol?

CoStar Group is a American stock, trading under the symbol CSGP-Q on the NASDAQ (CSGP). It is usually referred to as NASDAQ:CSGP or CSGP-Q

Is CoStar Group a buy or a sell?

In the last year, 2 stock analysts published opinions about CSGP-Q. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for CoStar Group.

Is CoStar Group a good investment or a top pick?

CoStar Group was recommended as a Top Pick by on . Read the latest stock experts ratings for CoStar Group.

Why is CoStar Group stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is CoStar Group worth watching?

2 stock analysts on Stockchase covered CoStar Group In the last year. It is a trending stock that is worth watching.

What is CoStar Group stock price?

On 2024-06-18, CoStar Group (CSGP-Q) stock closed at a price of $72.735.