CoStar Group (NASDAQ:CSGP) Price Target Lowered to $50.00 at Stephens

Key Points

• Stephens cut CoStar Group's price target from $70 to $50 but kept an overweight rating, implying roughly a 32.2% upside from the prior close.
• The Street's consensus is a Moderate Buy with an average target of $68.53 (12 Buys, 5 Holds, 2 Sells), though firms have issued mixed revisions recently (e.g., Wells Fargo to $44, Keefe to $70).
• CoStar beat the quarter (EPS $0.31 vs. $0.27; revenue $899.9M vs. $892.2M), reported 26.9% revenue growth, gave Q1 2026 EPS guidance of $0.160–0.190, and approved a $1.5 billion share buyback (~5.3% of shares).

CoStar Group (NASDAQ:CSGP - Get Free Report) had its price objective cut by Stephens from $70.00 to $50.00 in a report released on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. Stephens' target price suggests a potential upside of 32.20% from the company's previous close.

CSGP has been the subject of a number of other research reports. Wells Fargo & Company lowered their price objective on CoStar Group from $48.00 to $44.00 and set an "underweight" rating for the company in a research report on Wednesday, February 25th. Keefe, Bruyette & Woods reduced their price objective on CoStar Group from $75.00 to $70.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 25th. Citigroup restated a "market outperform" rating on shares of CoStar Group in a research note on Thursday, January 8th. William Blair restated an "outperform" rating on shares of CoStar Group in a research note on Tuesday, March 3rd. Finally, Zacks Research upgraded CoStar Group from a "strong sell" rating to a "hold" rating in a research note on Monday, March 9th. Twelve research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $68.53.

CoStar Group Stock Up 2.1%

CSGP opened at $37.82 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84. The business has a 50 day simple moving average of $44.67 and a 200-day simple moving average of $60.73. The stock has a market capitalization of $15.88 billion, a P/E ratio of 3,784.18, a P/E/G ratio of 0.98 and a beta of 0.92. CoStar Group has a 12 month low of $34.75 and a 12 month high of $97.43.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The firm had revenue of $899.90 million during the quarter, compared to analysts' expectations of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.CoStar Group's revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, equities analysts anticipate that CoStar Group will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its board has approved a stock buyback plan on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Insider Activity at CoStar Group

In related news, Director Louise S. Sams bought 1,000 shares of the stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the acquisition, the director owned 20,409 shares of the company's stock, valued at $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.09% of the company's stock.

Hedge Funds Weigh In On CoStar Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSGP. Norges Bank bought a new position in CoStar Group in the 4th quarter worth approximately $476,765,000. Baillie Gifford & Co. grew its holdings in CoStar Group by 56.9% in the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company's stock worth $869,627,000 after buying an additional 4,691,543 shares in the last quarter. Capital International Investors grew its holdings in CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company's stock worth $729,020,000 after buying an additional 4,053,456 shares in the last quarter. Viking Global Investors LP bought a new position in CoStar Group in the 2nd quarter worth approximately $258,773,000. Finally, Goldman Sachs Group Inc. grew its holdings in CoStar Group by 70.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company's stock worth $252,238,000 after buying an additional 1,556,100 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

About CoStar Group

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.

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