Keefe, Bruyette & Woods Cuts CoStar Group (NASDAQ:CSGP) Price Target to $70.00

CoStar Group (NASDAQ:CSGP) had its price objective dropped by equities researchers at Keefe, Bruyette & Woods from $75.00 to $70.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 42.42% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of CoStar Group from $77.00 to $72.00 and set a “market perform” rating on the stock in a research report on Thursday, January 8th. Citigroup reiterated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Wells Fargo & Company set a $48.00 price objective on CoStar Group and gave the stock an “underweight” rating in a research note on Wednesday, February 4th. BTIG Research upgraded CoStar Group from a “neutral” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.41.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $49.15 on Wednesday. The company has a 50-day moving average of $59.63 and a 200-day moving average of $71.63. The firm has a market cap of $20.83 billion, a price-to-earnings ratio of 983.00, a price-to-earnings-growth ratio of 1.26 and a beta of 0.84. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12. CoStar Group has a twelve month low of $43.80 and a twelve month high of $97.43.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $900.00 million during the quarter, compared to analysts’ expectations of $892.22 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Analysts forecast 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 program on Wednesday, January 7th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CSGP. Integrated Wealth Concepts LLC lifted its holdings in CoStar Group by 9.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock worth $379,000 after purchasing an additional 426 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of CoStar Group by 727.5% in the first quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after buying an additional 1,295 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of CoStar Group by 860.7% during the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock worth $1,006,000 after buying an additional 11,370 shares during the period. Empowered Funds LLC grew its stake in CoStar Group by 9.2% in the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after buying an additional 666 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in CoStar Group by 44.6% in the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock worth $2,821,000 after acquiring an additional 10,984 shares during the period. 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: Q4 results beat consensus — CoStar reported $0.31 EPS vs. $0.27 expected and $900M revenue (≈+26.9% YoY), showing strong top-line growth that underpins the upbeat reaction. CoStar Group (CSGP) Surpasses Q4 Estimates
• Positive Sentiment: Analyst support remains — Needham’s Mayank Tandon reiterated a Buy rating on CSGP despite lowering the price target to $60, signaling continued analyst conviction in the company’s multi-year story. Needham Maintains Buy on CoStar
• Neutral Sentiment: Investor communications update — CoStar expanded use of its corporate website for official investor disclosures, a governance/IR change that improves access but is unlikely to move fundamentals. CoStar Expands Investor Disclosures
• Neutral Sentiment: Product/market signal — Homes.com published high-end sale data showing continued activity in luxury markets, which supports CoStar’s residential marketplace relevance but is more PR than a near-term earnings driver. Homes.com Release
• Negative Sentiment: Weaker-than-expected Q1 guidance drove the pullback — management guided Q1 2026 EPS of $0.160–$0.190 (consensus ~ $0.230) and revenue $890–900M (below consensus), which prompted investor concern about near-term margin/booking cadence. CoStar Beats Q4 but Outlook Disappoints
• Negative Sentiment: Market reaction and narrative risk — coverage noted the stock’s valuation and activist/strategic narrative shifts, which can amplify volatility as investors reassess multiples versus growth prospects. Narrative Shifts After Homes.com and Activist Pressure

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.