The Goldman Sachs Group Lowers CoStar Group (NASDAQ:CSGP) Price Target to $73.00

CoStar Group (NASDAQ:CSGP) had its target price decreased by The Goldman Sachs Group from $84.00 to $73.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 62.22% from the company’s previous close.

CSGP has been the topic of several other reports. Jefferies Financial Group raised CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Friday, February 20th. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Monday, December 29th. Needham & Company LLC decreased their price target on shares of CoStar Group from $80.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday. Wells Fargo & Company lowered their price target on shares of CoStar Group from $48.00 to $44.00 and set an “underweight” rating for the company in a research report on Wednesday. Finally, Keefe, Bruyette & Woods cut their price objective on shares of CoStar Group from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.35.

CoStar Group Trading Up 0.5%

NASDAQ:CSGP opened at $45.00 on Wednesday. The company has a 50-day moving average price of $58.83 and a 200-day moving average price of $71.26. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 4,504.50, a P/E/G ratio of 1.18 and a beta of 0.84. The company has a current ratio of 2.84, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12. CoStar Group has a 12 month low of $43.17 and a 12 month high of $97.43.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $900.00 million during the quarter, compared to the consensus estimate of $892.22 million. CoStar Group had a net margin of 0.23% and a return on equity of 2.53%. CoStar Group’s revenue was up 26.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Equities analysts predict that CoStar Group will post 0.94 EPS for the current year.

CoStar Group declared that its board has authorized a stock repurchase plan on Wednesday, January 7th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of CoStar Group

Large investors have recently modified their holdings of the company. Quent Capital LLC purchased a new position in CoStar Group in the third quarter worth about $26,000. Rossby Financial LCC increased its position in shares of CoStar Group by 315.9% during the 2nd quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock valued at $27,000 after purchasing an additional 259 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of CoStar Group in the 3rd quarter worth approximately $28,000. Lloyd Advisory Services LLC. purchased a new position in shares of CoStar Group in the fourth quarter worth approximately $29,000. Finally, Westside Investment Management Inc. grew its position in CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares during the period. Institutional investors own 96.60% of the company’s stock.

Key Stories Impacting CoStar Group

Here are the key news stories impacting CoStar Group this week:

• Positive Sentiment: Q4 results and commentary: CoStar reported Q4 EPS of $0.31 (above the $0.27 consensus) and revenue of $900M (above estimates), with revenue up ~27% year‑over‑year and management highlighting strong bookings and digitization progress. This beat helped justify upside expectations for growth. Read More.
• Positive Sentiment: FY‑2026 guidance raised on headline figures: CoStar published FY‑2026 EPS guidance of $1.220–$1.330 and revenue guidance around $3.8B — both cited as above consensus in one release — which supports a constructive longer‑term revenue/margin trajectory if achieved. (Guidance entry provided by company filings/press materials.)
• Positive Sentiment: Data product traction: CoStar research showed meaningful market activity (e.g., London office yield compression in 2025), reinforcing the value of CoStar’s data/analytics franchises and monetization opportunities. Read More.
• Neutral Sentiment: Industry signals: Apartments.com released February rent data showing modest U.S. rent growth — useful macro context for CofStar’s marketplaces but not a direct catalyst. Read More.
• Neutral Sentiment: Short‑interest item looks unreliable: recent short‑interest lines in the feed show zero or NaN values and don’t present a clear short‑squeeze thesis at this time.
• Negative Sentiment: Analyst revisions and target cuts: Multiple firms trimmed price targets after the print (examples include BMO to $53 (market perform), RBC to $57 (sector perform), Wells Fargo to $44 (underweight), Needham to $60 (buy) and Goldman cut its target to $73 while keeping a buy). The wave of cuts and mixed ratings is pressuring sentiment despite the beat. Read More.
• Negative Sentiment: Shares dipped in some coverage despite the beat: several outlets noted the stock fell after the report even with double‑digit growth and a generally upbeat narrative, suggesting the market may be focused on margin/guidance nuance or valuation concerns. Read More.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.