We Rate CoStar Group, An Industry Utility Data Business, At Buy

3/11/21

CoStar Group is a data provider to the real estate industry, and provides vertical market utility-type economics.

The stock sold off recently with the tech market at large and also a result of a failed potential M&A bid.

We believe there to be a short-term opportunity to ride the stock up to $900 and maybe beyond.

In addition the quality of the business is strong and may suit a longer-term hold.

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