JPMorgan Chase & Co. Issues Pessimistic Forecast for CoStar Group (NASDAQ:CSGP) Stock Price

CoStar Group (NASDAQ:CSGP) had its price target lowered by JPMorgan Chase & Co. from $58.00 to $52.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 74.53% from the stock’s current price.

Several other research firms have also weighed in on CSGP. Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the stock a “sector perform” rating in a report on Monday, July 13th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $29.00 price target (down from $41.00) on shares of CoStar Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft set a $44.00 price target on CoStar Group in a report on Thursday, April 30th. Finally, Citigroup downgraded CoStar Group from a “market outperform” rating to a “neutral” rating and cut their price objective for the company from $70.00 to $33.00 in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.61.

CoStar Group Price Performance

Shares of CSGP traded down $0.54 during trading hours on Wednesday, hitting $29.80. The stock had a trading volume of 13,096,659 shares, compared to its average volume of 7,256,182. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 497.95, a P/E/G ratio of 0.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The company’s fifty day moving average is $30.83 and its two-hundred day moving average is $40.64. CoStar Group has a 52 week low of $25.89 and a 52 week high of $97.43.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $0.17 EPS. 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. On average, analysts anticipate that CoStar Group will post 1.03 EPS for the current year.

Insider Transactions at CoStar Group

In other news, CEO Andrew C. Florance acquired 71,430 shares of CoStar Group stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $35.20 per share, with a total value of $2,514,336.00. Following the acquisition, the chief executive officer owned 1,722,865 shares in the company, valued at $60,644,848. This represents a 4.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. United Capital Financial Advisors LLC increased its stake in shares of CoStar Group by 2.3% in the 3rd quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after acquiring an additional 167 shares during the last quarter. Man Group plc boosted its stake in CoStar Group by 1.7% during the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company’s stock worth $834,000 after acquiring an additional 177 shares during the last quarter. Norinchukin Bank The boosted its stake in CoStar Group by 0.5% during the 3rd quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock worth $2,998,000 after acquiring an additional 184 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in CoStar Group by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,517 shares of the technology company’s stock valued at $1,446,000 after purchasing an additional 186 shares during the period. Finally, Keel Point LLC grew its holdings in CoStar Group by 6.4% during the second quarter. Keel Point LLC now owns 3,830 shares of the technology company’s stock valued at $308,000 after purchasing an additional 231 shares during the period. Institutional investors 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 reported second-quarter adjusted EPS of $0.32, above the $0.28-$0.29 analyst consensus, while revenue increased 18.4% year over year to $925 million. Net income rose sharply and adjusted EBITDA more than doubled, supporting management’s claim of a profitability inflection. CoStar Group Q2 2026 Results
• Positive Sentiment: Full-year 2026 EPS guidance of $1.32-$1.39 is above the $1.29 consensus, and net new bookings rose 3% sequentially to $69 million. These figures point to continued growth and improving operating leverage.
• Neutral Sentiment: Analyst sentiment remains mixed. Citizens JMP maintained a “market outperform” rating with a $35 target, while BTIG and Needham retained “buy” ratings with targets of $42 and $40, respectively. However, Keefe, Bruyette & Woods and William Blair maintained “market perform” views. Analyst rating updates
• Negative Sentiment: CoStar’s third-quarter outlook fell below expectations: EPS guidance of $0.31-$0.34 compares with a $0.36 consensus, while revenue guidance of $935-$945 million is below the $970.1 million estimate. The softer near-term forecast is likely outweighing the quarterly earnings beat.
• Negative Sentiment: Several firms sharply reduced their price targets, including Citizens JMP from $44 to $35, BTIG from $55 to $42, Needham from $50 to $40, and KBW from $41 to $29. The cuts signal concern about valuation, growth expectations, or the pace of future earnings improvement, even where bullish ratings were retained. CoStar analyst price-target changes

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.