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Analysts Offer Insights on Real Estate Companies: AvalonBay (AVB) and CoStar Group (CSGP)

Tipranks - Thu Jul 30, 6:14AM CDT

There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on AvalonBay (AVB) and CoStar Group (CSGP) with bullish sentiments.

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AvalonBay (AVB)

In a report issued on July 24, Marie Ferguson from Argus Research maintained a Buy rating on AvalonBay. The company’s shares closed last Tuesday at $190.39.

According to TipRanks.com, Ferguson is a 4-star analyst with an average return of 8.2% and a 70.2% success rate. Ferguson covers the Utilities sector, focusing on stocks such as American Electric Power, Edison International, and Consolidated Edison. ;'>

AvalonBay has an analyst consensus of Hold, with a price target consensus of $198.75, a 4.9% upside from current levels. In a report issued on July 23, Truist Financial also maintained a Buy rating on the stock.

See the top stocks recommended by analysts >>

CoStar Group (CSGP)

Needham analyst Mayank Tandon maintained a Buy rating on CoStar Group today and set a price target of $40.00. The company’s shares closed last Tuesday at $30.33.

According to TipRanks.com, Tandon is a 1-star analyst with an average return of -0.7% and a 42.3% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Grid Dynamics Holdings, and Euronet Worldwide. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CoStar Group with a $40.38 average price target, representing a 35.1% upside. In a report released yesterday, BTIG also maintained a Buy rating on the stock with a $42.00 price target.

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