CoStar Group Inc. (NASDAQ:CSGP) is among the 12 best stocks to buy and hold for the next 2 years.
On February 26, BMO Capital analyst Jeffrey Silber cut the price target on CoStar Group Inc. to $53 from $72 while keeping a Market Perform rating on the shares. According to the analyst, the company’s net new bookings missed expectations despite year-on-year strength.
Meanwhile, on February 25, Needham lowered its price target on CoStar Group Inc. to $60 from $80 while retaining its Buy rating. In its report, Needham noted CoStar Group Inc.’s fourth-quarter results exceeded expectations on both revenue and earnings due to broad-based growth and expense discipline. The company generated $75 million of net new bookings in the fourth quarter, up 42% year-over-year, and recorded $308 million in total bookings for fiscal year 2025, representing a 23.2% year-over-year increase.
Needham also said it remains positive on the shares as CoStar Group Inc. continues to execute on its digitization strategy and generate double-digit growth while improving margins. The company maintains an impressive 79% gross profit margin.
CoStar Group Inc. provides online real estate marketplaces, information, and analytics for the commercial and residential property markets.
READ NEXT: 13 Hot Stocks to Buy with the Highest Upside Potential and 10 Best High-Upside Materials Stocks to Buy.
