The Goldman Sachs Group Cuts CoStar Group (NASDAQ:CSGP) Price Target to $84.00

CoStar Group (NASDAQ:CSGP) had its target price reduced by The Goldman Sachs Group from $97.00 to $84.00 in a report released on Thursday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the technology company’s stock.

Several other analysts have also commented on CSGP. BMO Capital Markets cut their target price on shares of CoStar Group from $77.00 to $72.00 and set a “market perform” rating for the company in a research note on Thursday. BTIG Research assumed coverage on CoStar Group in a research report on Friday, October 3rd. They set a “neutral” rating for the company. Wells Fargo & Company reiterated an “underweight” rating and issued a $55.00 target price (down previously from $60.00) on shares of CoStar Group in a report on Thursday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $91.00 price target on shares of CoStar Group in a research report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft set a $68.00 price objective on shares of CoStar Group in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and an average price target of $86.38.

CoStar Group Trading Down 4.7%

Shares of CSGP stock opened at $58.49 on Thursday. The firm has a market capitalization of $24.79 billion, a PE ratio of 1,169.80, a price-to-earnings-growth ratio of 1.28 and a beta of 0.84. The stock has a fifty day moving average of $66.92 and a two-hundred day moving average of $78.79. CoStar Group has a 1 year low of $58.41 and a 1 year high of $97.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $833.60 million during the quarter, compared to analyst estimates of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.22 EPS. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. As a group, research analysts expect that CoStar Group will post 0.94 EPS for the current year.

CoStar Group declared that its board has approved a share repurchase program on Wednesday, January 7th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Trading of CoStar Group

A number of institutional investors have recently added to or reduced their stakes in CSGP. SG Americas Securities LLC raised its position in CoStar Group by 5,102.5% in the fourth quarter. SG Americas Securities LLC now owns 234,893 shares of the technology company’s stock worth $15,794,000 after acquiring an additional 230,378 shares in the last quarter. S.E.E.D. Planning Group LLC boosted its position in shares of CoStar Group by 5.0% during the 4th quarter. S.E.E.D. Planning Group LLC now owns 46,966 shares of the technology company’s stock valued at $3,158,000 after purchasing an additional 2,233 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of CoStar Group by 0.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,517 shares of the technology company’s stock worth $1,446,000 after purchasing an additional 186 shares during the last quarter. Maridea Wealth Management LLC raised its holdings in shares of CoStar Group by 31.7% in the 4th quarter. Maridea Wealth Management LLC now owns 19,393 shares of the technology company’s stock worth $1,304,000 after purchasing an additional 4,671 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in CoStar Group by 9.4% during the fourth quarter. Nordea Investment Management AB now owns 44,575 shares of the technology company’s stock valued at $2,989,000 after purchasing an additional 3,829 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group News Roundup

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

• Positive Sentiment: Board approved a $1.5 billion share buyback (up to ~5.3% of shares); buybacks can support the stock and signal management sees shares as undervalued. CoStar Group (NASDAQ:CSGP) to Buyback $1.50 billion in Outstanding Shares
• Positive Sentiment: Company set FY26 guidance implying roughly 18% year‑over‑year revenue growth — a growth outlook that supports long‑term valuation if execution continues. CoStar sees ~18% Y/Y growth in FY26 revenue
• Positive Sentiment: CoStar market data shows U.S. office leasing activity rose ~5% in 2025 (Boston strongest); improving leasing fundamentals help demand for CoStar’s data and subscription services. CoStar data shows office leasing activity rose 5% in 2025
• Positive Sentiment: Apartments.com reported a modest rebound in U.S. apartment rent growth in December — a positive signal for CoStar’s rentals/marketplace segment revenue. Apartments.com Releases Multifamily Rent Growth Report for December 2025
• Neutral Sentiment: Analyst survey / deep dive summarizes seven recent ratings — several firms remain positive but many trimmed price targets, showing mixed sentiment among sell‑side analysts. Deep Dive Into CoStar Group Stock: Analyst Perspectives (7 Ratings)
• Neutral Sentiment: Market commentary is asking whether the $1.5B buyback reshapes CoStar’s growth story versus returning cash — importance depends on execution and whether buybacks materially lift EPS. Is CoStar (CSGP) Using Its New $1.5 Billion Buyback To Redefine Its Growth Story?
• Negative Sentiment: Multiple analysts cut price targets recently (BMO lowered to $72; Goldman, Needham, Citizens Jmp also trimmed targets), which can pressure the stock as sell‑side comps and short‑term sentiment weaken. CoStar Group price target lowered to $72 from $77 at BMO Capital

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.