CoStar Group (NASDAQ:CSGP) Price Target Cut to $63.00 by Analysts at The Goldman Sachs Group

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The Goldman Sachs Group has reduced its price target for CoStar Group (NASDAQ:CSGP) from $73.00 to $63.00 but maintained a “buy” rating, indicating a potential upside of 48.73%. Despite the price target cut and the stock trading near its 52-week low, CoStar reported an EPS beat and a 26.9% year-over-year revenue increase, alongside a significant $1.5 billion share buyback authorization. Other analysts have also adjusted their ratings and price targets, with the consensus target for CSGP standing at $72.76, suggesting a “Moderate Buy” overall.

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