BTIG Research Cuts CoStar Group (NASDAQ:CSGP) Price Target to $42.00

by · The Markets Daily

CoStar Group (NASDAQ:CSGP – Free Report) had its price target decreased by BTIG Research from $55.00 to $42.00 in a research report report published on Wednesday morning, MarketBeat Ratings reports. BTIG Research currently has a buy rating on the technology company’s stock.

Several other equities analysts have also recently commented on the company. Citigroup reduced their target price on CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. The Goldman Sachs Group set a $46.00 price target on shares of CoStar Group and gave the company a “buy” rating in a report on Thursday, June 25th. Citizens Jmp reduced their price objective on shares of CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a report on Thursday, April 30th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a research report on Wednesday, June 24th. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.61.

Check Out Our Latest Research Report on CSGP

CoStar Group Trading Down 2.4%

NASDAQ:CSGP opened at $28.76 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.21. CoStar Group has a one year low of $25.89 and a one year high of $97.43. The business’s 50-day simple moving average is $30.55 and its 200 day simple moving average is $40.14. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 151.38, a price-to-earnings-growth ratio of 0.77 and a beta of 0.74.

CoStar Group (NASDAQ:CSGP – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a return on equity of 3.74% and a net margin of 2.08%.The firm had revenue of $925.00 million during the quarter, compared to analyst estimates of $928.81 million. During the same quarter last year, the firm earned $0.17 EPS. CoStar Group’s quarterly revenue was up 18.4% on a year-over-year basis. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, sell-side analysts predict that CoStar Group will post 1.06 earnings per share for the current fiscal year.

Institutional Trading of CoStar Group

Large investors have recently modified their holdings of the company. Reflection Asset Management acquired a new stake in CoStar Group in the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of CoStar Group in the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of CoStar Group by 25,650.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after buying an additional 513 shares during the period. JPL Wealth Management LLC acquired a new position in CoStar Group during the third quarter worth about $48,000. Finally, DV Equities LLC bought a new stake in CoStar Group in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Key CoStar Group News

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

  • Positive Sentiment: CoStar’s second-quarter revenue increased 18.4% year over year, while adjusted earnings of $0.32 per share exceeded the $0.29 consensus estimate. The company also highlighted record revenue growth and maintained third-quarter and full-year 2026 earnings guidance. CoStar Group Q2 2026 Earnings Call Highlights
  • Positive Sentiment: Zacks identified CoStar as a potentially attractive long-term growth stock, suggesting its growth profile and Style Scores remain supportive despite recent momentum concerns. Why CoStar Group Is a Top Growth Stock for the Long-Term
  • Neutral Sentiment: CoStar data showed UK regional office construction starts fell below 5 million square feet in the second quarter, a 20-year low, while London dominated development. The report reinforces CoStar’s value as a real estate data provider, but weak office construction reflects challenging conditions for parts of the property market. CoStar Data Shows London Dominates UK Office Development
  • Negative Sentiment: William Blair, Keefe, Bruyette & Woods and other analysts lowered their ratings, while JPMorgan cut its price target to $52, Citizens JMP reduced its target to $35, and BTIG issued a pessimistic forecast. The changes signal diminishing confidence in the near-term upside. Analyst Rating and Price Target Updates
  • Negative Sentiment: Investor concerns include slower momentum, uncertainty around future earnings growth, soft guidance and the departure of Chief Financial Officer Scott Wheeler. CoStar’s quarterly revenue also came in slightly below consensus, and its high price-to-earnings ratio leaves the stock sensitive to any further slowdown. CoStar Group Near-Term Earnings Growth Uncertainty

CoStar Group Company Profile

(Get Free Report)

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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