10:50 AM EDT, 03/18/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We have a positive view on news that the National Association of Realtors (NAR) reached a $418 million legal settlement with several large brokerage firms that shakes up the relator commission structure by ending rules that essentially guaranteed agents a 5%-6% commission on home sales. While yet to be officially approved, we believe this will cause a shift in industry dynamics, benefiting CSGP and its Homes.com platform while proving headwinds for many competitors due to their different revenue structure that relies more heavily on buyer leads. While substantial investment in the Homes.com platform, which CSGP began to monetize in Q1 2024, is likely to weigh on results in the near term, we believe the platform is well positioned to gain market share from industry leaders moving forward. We raise our target price by $18 to $112, on a forward P/E of 70.0x our 2025 EPS estimate, a slight premium to CSGP's 10-year average multiple (66.0x). We keep our 2024 EPS estimate at $0.61 and raise 2025's by $0.04 to $1.60.