CoStar Group, Inc. (NASDAQ:CSGP) is among the most promising growth stocks according to analysts. On January 12, Ryan Tomasello from Keefe Bruyette reduced the price target on CoStar Group, Inc. (NASDAQ:CSGP) to $75 from $100, while maintaining an ‘Outperform’ rating. As the analyst notes in a research note, the likelihood of activism may help maintain a floor in the stock price over the coming period.
This downward readjustment in target price follows the company’s preliminary 2026 guidance and medium-term targets, which the firm calls disappointing yet indicative of “consistent and strong earnings expansion” that could provide the foundation for a stock surge in the future. Additionally, Keefe, Bruyette highlighted the company’s ongoing 0.8x growth-adjusted multiple, which it believes is relatively cheap given its growth profile.
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Recently, several analysts have revised their outlooks for CoStar Group, Inc. negatively. On January 8, Wells Fargo trimmed the price target on the company to $55.00 from $60.00 and maintained an ‘Underweight’ rating on the stock. On the same day, BMO Capital also cut the price target on the company to $72.00 from $77.00, keeping the rating of ‘Market Perform’ unchanged.
CoStar Group, Inc. is a Virginia-based provider of information, analytics, and online marketplace services. Founded in 1987, the company offers CoStar Property, CoStar Leasing, CoStar Owners, CoStar Markets, and CoStar Tenant, among others.
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