CoStar Group (NASDAQ:CSGP) Price Target Lowered to $56.00 at Robert W. Baird

Key Points

• Robert W. Baird cut its price target on CoStar from $73 to $56 but kept an "outperform" rating, implying roughly a 53.5% upside from the current share price (~$36.48).
• CoStar beat quarterly expectations (EPS $0.31 vs. $0.27) with revenue up 26.9%, set Q1 2026 guidance of $0.160–$0.190, and authorized a $1.5 billion share repurchase (about 5.3% of shares outstanding).

CoStar Group (NASDAQ:CSGP - Get Free Report) had its target price dropped by equities researchers at Robert W. Baird from $73.00 to $56.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the technology company's stock. Robert W. Baird's price target indicates a potential upside of 53.51% from the company's current price.

Other equities research analysts have also issued reports about the company. BTIG Research set a $60.00 price target on CoStar Group and gave the company a "buy" rating in a research report on Thursday, February 26th. Citizens Jmp lowered their price objective on CoStar Group from $78.00 to $73.00 and set a "market outperform" rating for the company in a research report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on CoStar Group in a research report on Thursday, January 8th. The Goldman Sachs Group lowered their price objective on CoStar Group from $73.00 to $63.00 and set a "buy" rating for the company in a research report on Thursday, March 19th. Finally, BMO Capital Markets lowered their price objective on CoStar Group from $72.00 to $53.00 and set a "market perform" rating for the company in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.76.

CoStar Group Price Performance

CSGP stock opened at $36.48 on Monday. 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 $45.15 and a 200-day simple moving average of $61.05. The firm has a market capitalization of $15.31 billion, a PE ratio of 3,651.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92. CoStar Group has a 1 year low of $35.77 and a 1 year high of $97.43.

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

CoStar Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, Director Louise S. Sams purchased 1,000 shares of the firm's stock in a transaction on Friday, March 6th. The shares were bought at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the purchase, the director directly owned 20,409 shares of the company's stock, valued at approximately $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.09% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in CoStar Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company's stock worth $5,910,662,000 after purchasing an additional 1,208,958 shares in the last quarter. Bamco Inc. NY lifted its stake in CoStar Group by 1.3% during the fourth quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company's stock worth $1,311,052,000 after purchasing an additional 242,533 shares in the last quarter. State Street Corp lifted its stake in CoStar Group by 1.9% during the fourth quarter. State Street Corp now owns 18,632,352 shares of the technology company's stock worth $1,252,839,000 after purchasing an additional 348,224 shares in the last quarter. Baillie Gifford & Co. lifted its stake in CoStar Group by 56.9% during the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company's stock worth $869,627,000 after purchasing an additional 4,691,543 shares in the last quarter. Finally, Capital International Investors lifted its stake in CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company's stock worth $729,020,000 after purchasing an additional 4,053,456 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

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.

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