BMO Capital, Needham Cut CoStar Group (CSGP) Price Target
CoStar Group Inc. (NASDAQ:CSGP) is among the
On February 26, BMO Capital analyst Jeffrey Silber cut the price target on CoStar Group Inc. (NASDAQ:CSGP) to $53 from $72 while keeping a Market Perform rating on the shares. According to the analyst, the company’s net new bookings missed expectations despite year-on-year strength.
Meanwhile, on February 25, Needham lowered its price target on CoStar Group Inc. (NASDAQ:CSGP) to $60 from $80 while retaining its Buy rating. In its report, Needham noted CoStar Group Inc. (NASDAQ:CSGP)’s fourth-quarter results exceeded expectations on both revenue and earnings due to broad-based growth and expense discipline. The company generated $75 million of net new bookings in the fourth quarter, up 42% year-over-year, and recorded $308 million in total bookings for fiscal year 2025, representing a 23.2% year-over-year increase.
Needham also said it remains positive on the shares as CoStar Group Inc. (NASDAQ:CSGP) continues to execute on its digitization strategy and generate double-digit growth while improving margins. The company maintains an impressive 79% gross profit margin.
CoStar Group Inc. (NASDAQ:CSGP) provides online real estate marketplaces, information, and analytics for the commercial and residential property markets.
While we acknowledge the potential of CSGP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the
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