Analysts See 12% Upside For The Holdings of QQEW

Written by Emily J. Thompson, Senior Investment Analyst

CSGP-1%

PDD+0.34%

QCOM-1.25%

Source: NASDAQ.COM

Updated: Oct 10 2024

0mins

Source: NASDAQ.COM

ETF Analyst Target Price Insights: The First Trust NASDAQ-100 Equal Weighted Index Fund ETF (QQEW) has an implied analyst target price of $142.26, indicating a potential upside of 12.33% from its current trading price of $126.65.
Notable Holdings with Upside Potential: Key underlying holdings such as PDD Holdings Inc, Qualcomm Inc, and CoStar Group, Inc. show significant upside potential, with expected increases of 28.37%, 26.85%, and 25.61% respectively, based on their average analyst target prices.

CSGP

$65.6+Infinity%1D

Analyst Views on CSGP

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

8 Buy

4 Hold

1 Sell

Moderate Buy

Current: 66.260

Low

55.00

Averages

78.60

High

100.00

Current: 66.260

Low

55.00

Averages

78.60

High

100.00

BMO Capital

Market Perform

downgrade

$77 -> $72

2026-01-08

Reason

BMO Capital

Price Target

$77 -> $72

AI Analysis

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.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for CSGP

Unlock Now

Deutsche Bank

Buy

downgrade

$85 -> $68

2026-01-08

Reason

Deutsche Bank

Price Target

$85 -> $68

2026-01-08

downgrade

Buy

Reason

Deutsche Bank lowered the firm's price target on CoStar Group to $68 from $85 and keeps a Buy rating on the shares. The market reacted negatively to CoStar's 2026 and medium-term update, which included a new $1.5B share repurchase authorization, the analyst tells investors in a research note. The firm sees "more questions than answers," noting the outlook implies commercial margins declining 400 basis points due to fixed costs associated with shared resources which are being diverted to other areas.

Citizens

Outperform

NULL

downgrade

$100 -> $78

2026-01-08

Reason

Citizens

Price Target

$100 -> $78

2026-01-08

downgrade

Outperform

NULL

Reason

Citizens lowered the firm's price target on CoStar Group to $78 from $100 and keeps an Outperform rating on the shares. CoStar's 2026 guidance calls for EBITDA of $740M-$800M, driven by significant loss improvements at homes.com and 15% compounded revenue growth through 2028, with 2028 EBITDA guided to $1.25B below consensus, the analyst tells investors in a research note. While guidance appears conservative historically, the pace of margin expansion is slower than expected as the company prioritizes growth over profitability, pushing the homes.com margin inflection further out, Citizens says.

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.