Services Sector Ideas

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CoStar Group (CSGP) - >>> Washington, D.C.-based CoStar Group (NASDAQ:CSGP) is a diversified real estate services company.


https://finance.yahoo.com/news/7-great-growth-stocks-buy-110030242.html


Best known for its public-facing platforms such as ApartmentFinder.com, LoopNet and BizBuySell, the company also provides information and analysis services to the commercial real estate industry.

Sure, given the current situation with commercial real estate, I admit it may seem odd to consider CSGP stock one of the best growth stocks to buy. After all, isn’t commercial real estate facing numerous headwinds right now? Yes, but given its subscription-based revenue model, and the strong need for its services, CoStar could stay resilient, despite the near-term weakness in the industry.

Long-term, with its deep economic moat and other advantages, the company has a strong chance of continuing to grow at an above-average pace. This will enable B-rated CSGP to sustain its high valuation (51.6 times earnings) and climb up to higher prices.

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