Needham reiterates Buy rating on CoStar Group, $40 price target

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Needham has reiterated a Buy rating on CoStar Group (CSGP) with a $40 price target, representing a 44.6% upside from its Oct 5 close. The positive outlook is driven by the company's strong competitive position in commercial and multifamily real estate, its extensive data, and high-margin software-as-a-service subscriptions. CoStar Group is also targeting a 15% revenue CAGR from 2025 to 2028 and significant EBITDA margin expansion.
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