Added to YB: 2025-06-02
Pitch date: 2025-04-15
CSGP [bullish]
CoStar Group, Inc.
-14.54%
current return
Author Info
No bio for this author
Company Info
CoStar Group, Inc. provides information, analytics, and online marketplace services in the United States, Canada, Europe, the Asia Pacific, and Latin America.
Market Cap
$28.3B
Pitch Price
$79.84
Price Target
102.00 (+49%)
Dividend
N/A
EV/EBITDA
139.06
P/E
1.4K
EV/Sales
9.00
Sector
Real Estate Management and Development
Category
special_situation
CoStar Group, Inc. - $CSGP
CSGP: CRE data leader investing heavily in Homes.com, hurting margins (9% vs 30%+). Market assigns $10B negative value to resi push. Activist funds (Third Point, DE Shaw) now pressuring for change via new Capital Allocation Committee. Base case: $102 PT (30% upside) assumes $104 core business value (30x 2025 EBITDA) minus $2 for Homes.com losses.
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