Deutsche Bank analyst Faiza Alwy initiated coverage of CoStar Group (CSGP) with a Buy rating and $89 price target The company’s “proprietary, complex and comprehensive database offers a clear moat,” particularly in its core CoStar suite subscription-based platform, the analyst tells investors in a research note. The firm anticipates stabilization and acceleration for Homes.com as the company refocuses investment in its core business and as the commercial real estate market recovers slowly. It also sees a “significant” growth opportunity for CoStar internationally and continued expansion of product offerings.
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