Costar Group Inc | CSGP

AI Analysis of Costar Group Inc

Costar Group is only slightly up on the day, shares traded 0.68% higher on the day. CSGP is near a moderate strength horizontal support line. This represents a potential pivot point where the price might find support and move upward. But it can also break through this line in which case there might be a burst of selling on the other side. It's definitely important to take into account the directional momentum, so let's be honest Costar Group has looked terrible. Buyers haven't seemed that interested, sellers keep dumping, there's been a lot of better places to put your money. It doesn't make me feel that optimistic about getting a solid bounce off of a line like this. If you do get one, I'd move your stop losses up with it.

If the buyers come in at this point and start pushing the price up, it'll probably head up to $36.135 where it might meet some resistance it'll need to punch through. If Costar Group continues to break down lower from here, it'll likely fall until it gets to $31.85 at which point previous buyers at this level may move in and give it support.

Analyst Ratings for Costar Group By Price Target And Rating

The analysts are pretty neutral on CoStar Group right now, so not much useful information here. The current Analysts Sentiment Score is 1.77. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. BMO Capital Markets provided a price target boost of 6.33% to $84.00 from $79.00 on 2024-04-19. JMP Securities reiterated a rating of Market Outperform on 2024-04-12 and added a price target of $110.00. On 2024-04-12 Jefferies Financial Group increased their price target by 11.76% to $95.00. Keefe, Bruyette & Woo provided a price target boost of 13.54% to $109.00 from $96.00 on 2024-04-10. Royal Bank of Canada gave a boost to their price target and moved to $109.00 from $95.00 on 2024-03-25. On 2024-03-20 The Goldman Sachs Group increased their price target by 11.46% to $107.00. Robert W. Baird provided a price target boost of 16.67% to $105.00 from $90.00 on 2024-03-18. Bank of America gave a boost to their price target and moved to $111.00 from $97.00 on 2024-03-18. Needham & Company LLC dropped their price target by -14.29% to $90.00 on 2024-02-21. On 2024-02-07 Citigroup increased their price target by 7.78% to $97.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for CoStar Group

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for CoStar Group

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.