CoStar Group (CSGP) Stock Looks Fairly Valued After A Sharp Reset

CoStar Group has seen a steep reset in its share price, and the question now is whether the current US$31.52 level can be squared with what the business is generating in sales. For a stock that has long traded on expectations around digital real estate data and marketplaces, the link between its revenue base and today’s valuation matters more than ever. The share price has fallen 64.6% over the past year, which puts a spotlight on whether the current valuation still lines up with CoStar...