Key Highlights:
- CoStar Group is acquiring the remaining 83% of 1Domain Holdings Australia for A$3 billion.
- Analysts predict a potential stock upside of 16.24% in the next year for CoStar Group.
- GuruFocus estimates indicate a potential 42.85% upside in CoStar Group's stock value.
CoStar Group (CSGP, Financial) has strategically decided to expand its portfolio by acquiring the remaining 83% of 1Domain Holdings Australia, valued at A$3 billion. This acquisition will involve CoStar paying Domain shareholders A$4.43 per share, translating to an approximate total transaction value of A$2.3 billion.
Analyst Price Predictions
Insight from 13 financial analysts sets the average one-year price target for CoStar Group Inc (CSGP, Financial) at $88.19. The highest forecast reaches $103.00, while the lowest stands at $65.00. The average target reflects an anticipated upside of 16.24% from CoStar Group's current stock price of $75.87. For further analysis, visit the CoStar Group Inc (CSGP) Forecast page.
Brokerage Recommendations
Feedback from 16 brokerage firms places CoStar Group Inc (CSGP, Financial) at an average recommendation of 2.1, suggesting an "Outperform" status. This rating operates on a scale from 1 to 5, where 1 represents a Strong Buy and 5 signals a Sell.
GF Value Projections
According to GuruFocus estimates, the GF Value for CoStar Group Inc (CSGP, Financial) is projected to be $108.38 in the next year. This suggests a significant potential upside of 42.85% from the current price of $75.87. The GF Value calculation is derived from the stock's historical trading multiples, past growth metrics, and expected future performance. More detailed information can be accessed on the CoStar Group Inc (CSGP) Summary page.
