Wells Fargo & Company Issues Pessimistic Forecast for CoStar Group (NASDAQ:CSGP) Stock Price

CoStar Group (NASDAQ:CSGP) had its target price decreased by stock analysts at Wells Fargo & Company from $40.00 to $33.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price points to a potential downside of 4.95% from the stock’s current price.

Several other research analysts also recently commented on CSGP. Keefe, Bruyette & Woods reduced their target price on CoStar Group from $57.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday. Bank of America set a $74.00 target price on CoStar Group in a report on Wednesday, January 7th. BNP Paribas Exane began coverage on CoStar Group in a report on Wednesday, January 14th. They issued a “neutral” rating and a $64.00 target price on the stock. Citigroup reduced their target price on CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. Twelve research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $58.59.

CoStar Group Stock Up 0.3%

Shares of CSGP opened at $34.72 on Thursday. The company has a market capitalization of $14.58 billion, a P/E ratio of 578.76, a PEG ratio of 0.91 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.84. CoStar Group has a one year low of $33.31 and a one year high of $97.43. The business’s 50 day simple moving average is $41.78 and its 200-day simple moving average is $57.04.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The business had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.CoStar Group’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) EPS. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. As a group, sell-side analysts predict that CoStar Group will post 1.02 EPS for the current fiscal year.

CoStar Group declared that its board has authorized a share buyback plan on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at CoStar Group

In related news, Director Louise S. Sams purchased 1,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $48.36 per share, with a total value of $48,360.00. Following the purchase, the director directly owned 20,409 shares in the company, valued at $986,979.24. This trade represents a 5.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Castleview Partners LLC acquired a new position in shares of CoStar Group in the 1st quarter valued at $323,000. Diversify Wealth Management LLC lifted its stake in shares of CoStar Group by 308.9% in the 1st quarter. Diversify Wealth Management LLC now owns 19,576 shares of the technology company’s stock valued at $790,000 after purchasing an additional 14,789 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of CoStar Group by 58.0% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 155,726 shares of the technology company’s stock valued at $6,282,000 after purchasing an additional 57,142 shares during the period. Fifth Third Bancorp lifted its stake in shares of CoStar Group by 926.4% in the 1st quarter. Fifth Third Bancorp now owns 80,738 shares of the technology company’s stock valued at $3,257,000 after purchasing an additional 72,872 shares during the period. Finally, Candriam S.C.A. lifted its stake in shares of CoStar Group by 14.8% in the 1st quarter. Candriam S.C.A. now owns 21,512 shares of the technology company’s stock valued at $868,000 after purchasing an additional 2,773 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: BTIG reaffirmed a Buy rating, supporting investor confidence in CoStar’s strategic growth (research support). BTIG Research Reiterates Buy Rating for CoStar Group (NASDAQ:CSGP)
• Positive Sentiment: Bares Capital flagged CoStar as a bullish idea, signalling activist/institutional interest that can underpin the stock. CoStar Group Inc. (CSGP): Bares Capital Is Bullish on This Stock
• Positive Sentiment: CoStar’s Q1 results showed record revenue growth, an EPS beat and management set Q2/FY26 guidance — fundamentals that support a recovery thesis. CoStar Group Inc (CSGP) Q1 2026 Earnings Call Highlights
• Neutral Sentiment: CoStar’s data business reported modest improvement in U.K. hotel RevPAR, indicating pockets of end‑market strength but limited immediate revenue impact. CoStar Data Shows U.K. Hotel RevPAR on an Upward Trajectory
• Neutral Sentiment: Analysts and press published Q1 deep dives noting residential momentum, Homes.com gains and AI initiatives — positive structural themes but with near‑term execution risks. CSGP Q1 deep dive
• Negative Sentiment: Wells Fargo cut its price target to $33 and moved to an underweight, a clear negative that increases selling pressure. CoStar Group (NASDAQ:CSGP) Price Target Lowered to $33.00 at Wells Fargo & Company
• Negative Sentiment: Several firms trimmed targets — Needham to $50 and Citizens Jmp to $44 — adding to consensus downward revisions. Needham & Company LLC Lowers CoStar Group (NASDAQ:CSGP) Price Target to $50.00 Citizens Jmp Lowers CoStar Group (NASDAQ:CSGP) Price Target to $44.00
• Negative Sentiment: Goldman lowered its target to $54 (while keeping a Buy), signaling reduced upside expectations and contributing to mixed analyst tone. CoStar Group (NASDAQ:CSGP) Price Target Lowered to $54.00 at The Goldman Sachs Group

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.