CoStar Group Inc's stock fell by 5.10% and hit a 5-day low. This decline occurs despite the Nasdaq-100 and S&P 500 both showing slight gains of 0.07%, indicating a potential sector rotation.
The drop in CoStar's stock price can be attributed to broader market conditions, as the company recently announced a $1.5 billion share repurchase program and projected significant revenue growth for 2026. However, the market's overall strength suggests that investors may be reallocating their investments, leading to a decline in CoStar's stock despite positive company news.
This situation highlights the complexities of market dynamics, where individual stock performance can be influenced by broader trends. Investors may need to consider these factors when evaluating CoStar's future performance.
Wall Street analysts forecast CSGP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSGP is 78.60 USD with a low forecast of 55.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
Wall Street analysts forecast CSGP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CSGP is 78.60 USD with a low forecast of 55.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Buy
4 Hold
1 Sell
Moderate Buy
Current: 61.930
Low
55.00
Averages
78.60
High
100.00
Current: 61.930
Low
55.00
Averages
78.60
High
100.00
BTIG
Jake Fuller
Neutral
to
Buy
upgrade
$80
2026-01-27
New
Reason
BTIG
Jake Fuller
Price Target
$80
AI Analysis
2026-01-27
New
upgrade
Neutral
to
Buy
Reason
BTIG analyst Jake Fuller upgraded CoStar Group to Buy from Neutral with an $80 price target.
BTIG
Jake Fuller
Neutral -> Buy
upgrade
$80
2026-01-27
New
Reason
BTIG
Jake Fuller
Price Target
$80
2026-01-27
New
upgrade
Neutral -> Buy
Reason
As previously reported, BTIG analyst Jake Fuller upgraded CoStar Group to Buy from Neutral with an $80 price target. Expectations are low, investment is past peak, Homes.com is gaining momentum and the firm thinks an upcoming AI-driven product update could resonate, the analyst tells investors. The firm, which is raising Q4 and FY26 revenue estimates, expects CoStar to ramp bookings, deliver double-digit organic growth and potentially beat Street expectations, the analyst added.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for CSGP
Unlock Now
BMO Capital
Market Perform
downgrade
$77 -> $72
2026-01-08
Reason
BMO Capital
Price Target
$77 -> $72
2026-01-08
downgrade
Market Perform
Reason
BMO Capital lowered the firm's price target on CoStar Group to $72 from $77 and keeps a Market Perform rating on the shares. While 2026 revenue and adjusted EBITDA guidance incorporated consensus, adjusted EPS guidance was light due to below-the-line item guidance, the analyst tells investors in a research note. The negative stock reaction was likely due to the Homes.com profitability trajectory and perception that margins would contract in the non-Homes.com business, which management vehemently denied, BMO adds.
Wells Fargo
Jason Haas
Underweight
downgrade
$60 -> $55
2026-01-08
Reason
Wells Fargo
Jason Haas
Price Target
$60 -> $55
2026-01-08
downgrade
Underweight
Reason
Wells Fargo analyst Jason Haas lowered the firm's price target on CoStar Group to $55 from $60 and keeps an Underweight rating on the shares. The firm notes the company announced its full-year 2026 and medium-term outlook. Homes.com net investment will come down by more than $300M in 2026, and management expects to decrease net Homes.com investment by $100M-plus annually thereafter until 2030, Wells adds.
About CSGP
CoStar Group, Inc. is a provider of online real estate marketplaces, information, and analytics in the property markets. It manages its business in two segments: North America, which includes the United States and Canada, and International, which primarily includes Europe, Asia-Pacific and Latin America. Its major brands include CoStar, a global provider of commercial real estate data, analytics, and news; LoopNet, a commercial real estate marketplace; Apartments.com, a platform for apartment rentals; and Homes.com, a residential real estate marketplace. Its other brands include STR, which is engaged in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a residential property portal in the United Kingdom. The Company, through Matterport, Inc., is advancing property insights and driving the growth of AI-driven digital twin technology across the global commercial and residential real estate sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
