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JPMorgan Chase & Co. cuts CoStar Group (NASDAQ:CSGP) price target to $52.00. July 29, 2026 Key points. * JPMorgan cut CoStar Group's price target from $58 to $52 while maintaining an "overweight" rating, implying approximately 74.5% upside from the $29.80 share price. * Analyst sentiment remains mixed: the stock has an average "Hold" rating and a consensus price target of $41.61, with targets ranging from $26 to $52. * CoStar's latest quarterly results exceeded EPS expectations and revenue rose 18.4% year over year to $925 million, but weaker-than-expected third-quarter guidance and recent target reductions are weighing on the outlook. * MarketBeat previews the top five stocks to own by August 1st. CoStar Group (NASDAQ:CSGP - Get Free Report) had its target price dropped by JPMorgan Chase & Co. from $58.00 to $52.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 74.53% from the company's current price. Other research analysts also recently issued reports about the company. Weiss Ratings reissued a "sell (d)" rating on shares of CoStar Group in a research note on Wednesday, June 24th. Wells Fargo & Company set a $26.00 target price on CoStar Group and gave the stock an "underweight" rating in a research report on Wednesday, June 24th. Stephens lowered their price target on CoStar Group from $50.00 to $42.00 and set an "overweight" rating on the stock in a report on Monday, May 4th. The Goldman Sachs Group reissued a "buy" rating and issued a $40.00 price target on shares of CoStar Group in a research report on Wednesday. Finally, Wolfe Research restated an "outperform" rating and issued a $32.00 price objective (down from $35.00) on shares of CoStar Group in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $41.61. CoStar Group stock down 1.8%. Shares of CSGP stock traded down $0.54 on Wednesday, hitting $29.80. The company's stock had a trading volume of 13,096,659 shares, compared to its average volume of 7,256,182. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. CoStar Group has a fifty-two week low of $25.89 and a fifty-two week high of $97.43. The firm's fifty day moving average price is $30.83 and its 200-day moving average price is $40.64. 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. CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. During the same period in the prior year, the business posted $0.17 earnings per share. The business's quarterly revenue was up 18.4% on a year-over-year basis. 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. Research analysts anticipate that CoStar Group will post 1.03 EPS for the current year. Insider buying and selling at CoStar Group. In other CoStar Group news, CEO Andrew C. Florance acquired 71,430 shares of CoStar Group stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares of the company's stock, valued at $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company's stock. Hedge funds weigh in on CoStar Group. Several large investors have recently bought and sold shares of the stock. Reflection Asset Management acquired a new position in CoStar Group in the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of CoStar Group in the 4th quarter valued at approximately $29,000. DV Equities LLC bought a new stake in shares of CoStar Group in the 4th quarter valued at approximately $40,000. IFP Advisors Inc raised its holdings in shares of CoStar Group by 329.4% in the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock worth $41,000 after buying an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of CoStar Group by 25,650.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company's stock worth $43,000 after buying an additional 513 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds. CoStar Group news summary. 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider CoStar Group, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoStar Group wasn't on the list. While CoStar Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

CoStar Group Q2 earnings call highlights. July 28, 2026 Key points. * CoStar delivered strong Q2 growth and profitability. Revenue rose 18% year over year to $925 million, adjusted EBITDA more than doubled to $184 million, and net income increased 817%. Management maintained its full-year adjusted EBITDA outlook of $780 million to $820 million. * Residential operations reached profitability while Homes.com continued rapid expansion. Residential revenue grew 33% to $444 million and generated its first positive adjusted EBITDA, while Homes.com revenue increased 66% and agent subscribers more than doubled to over 36,000. * CoStar lowered its 2026 revenue outlook but preserved earnings guidance and continued buybacks. The company cited the Ten-X restructuring, Homes.com sales-force changes and Apartments.com pricing discipline, while reaffirming adjusted EPS guidance and targeting $700 million in 2026 share repurchases. * MarketBeat previews the top five stocks to own by August 1st. CoStar Group NASDAQ: CSGP reported second-quarter 2026 revenue of $925 million, up 18% from a year earlier, while adjusted EBITDA more than doubled to $184 million. The company said the quarter marked a profitability inflection point as it limited operating-cost growth to 2% while continuing investments across its commercial real estate, residential and spatial-data businesses. Founder and CEO Andrew Florance said net income increased 817% year over year and EBITDA rose 441%. CoStar recorded its 61st consecutive quarter of double-digit revenue growth and maintained its full-year adjusted EBITDA outlook of $780 million to $820 million, which would represent the company's highest annual adjusted EBITDA result. Commercial segment growth led by CoStar and LoopNet. Commercial revenue rose 8% year over year to $481 million, while commercial adjusted EBITDA increased 7% to $172 million. CoStar's core platform generated $337 million of revenue, up 9%, with subscribers increasing 19% to 327,000. Renewal rates were 93%, and net new bookings from brokers increased 48% year over year, including a multiyear renewal from the company's largest brokerage client. LoopNet revenue increased 14% to $87 million. U.S. paid listings rose 9% to 220,000, while paid listings grew 24% in Canada and 52% in the United Kingdom. The company expanded the LoopNet sales force to 225 representatives from 191 a year earlier. CoStar Debt Solutions delivered more than $4 million in net new monthly bookings, up 96% year over year, according to Florance. The business is developing benchmarking tools using anonymized and aggregated data from 300 lender clients, representing more than 100,000 active loans and over $1.2 trillion of outstanding debt. Other commercial revenue declined 5% to $57 million, primarily because of lower transaction volumes at Ten-X. CoStar is restructuring Ten-X, reducing costs by $7 million year to date while revenue declined by $4 million during the process. The company plans to separate Ten-X from LoopNet with dedicated sales, marketing and leadership teams. Discover more Stocks & Bonds During the quarter, CoStar launched rent-benchmark data based on 4 million AI-abstracted lease documents, introduced its CoStar platform in France, added U.K. public-record search capabilities and extended AI-powered lease abstraction into CoStar Real Estate Manager. The company continues to target a second-half 2026 launch of CoStar in Australia. Residential segment reaches positive EBITDA. Residential revenue increased 33% year over year to $444 million. The residential segment posted record adjusted EBITDA of $12 million, its first profitable quarter since Homes.com launched in the first quarter of 2024. The company said the result reflected personnel-cost reductions, operational efficiencies and early benefits from AI initiatives. Apartments.com revenue rose 9% to $318 million. Paid properties increased 12% to nearly 93,000, while monthly renewal rates remained at 99%. Average revenue per property was down about 3.6% year over year, which Florance attributed primarily to a mix shift toward smaller communities with lower pricing. Management said apartment owners remain price sensitive amid elevated supply, widespread concessions and competitive pricing. Florance said CoStar is maintaining pricing discipline, citing third-party analysis that found Apartments.com leads converted to leases at 2.5 times the rate of the next closest competitor. Homes.com revenue grew 66% to $28.5 million, reaching an annualized run rate of $116 million at quarter-end. Agent subscribers more than doubled year over year to over 36,000, while the average subscriber price rose to $305 in June. The monthly cancellation rate declined to 2.4% from 6.5% a year earlier. The company plans to introduce a Platinum marketing tier for Homes.com during the third quarter. The offering will include enhanced search placement, social marketing, photography, drone imagery and Matterport tours. Florance said CoStar expects higher-value advertising products, which it refers to as depth advertising, to become a significant source of future Homes.com revenue. CoStar reduced Homes.com inside sales representatives from 660 at the end of 2025 to about 400, while expanding its field sales team to 50 representatives across Washington, D.C., Tampa, Atlanta, Dallas and Chicago. Management said production per representative increased 19%, and Homes.com net new bookings remained consistent with the first quarter despite the reduction in sales headcount. Guidance revised for revenue, maintained for EBITDA. Chief Financial Officer Christian Lown said CoStar revised its full-year 2026 revenue outlook to $3.715 billion to $3.755 billion, representing 15% growth at the midpoint. Commercial revenue is expected to be $1.94 billion to $1.96 billion, while residential revenue is projected at $1.775 billion to $1.795 billion. The company said its lower revenue outlook reflects the Ten-X restructuring, Homes.com sales-force optimization and Apartments.com's decision to maintain pricing rather than pursue lower-priced competitive offerings. CoStar nevertheless reaffirmed its full-year adjusted EBITDA outlook of $780 million to $820 million and adjusted earnings-per-share guidance of $1.32 to $1.39. For the third quarter, CoStar expects revenue of $935 million to $945 million and adjusted EBITDA of $190 million to $210 million. The company projected commercial adjusted EBITDA of $162 million to $172 million and residential adjusted EBITDA of $28 million to $38 million. CoStar repurchased 2.4 million shares for $82.1 million during the second quarter, bringing year-to-date repurchases to 13.75 million shares for $587 million. The company expects $700 million of total share repurchases in 2026. Zonda deal and CFO transition. CoStar continues to expect its acquisition of new-home construction data and marketplace provider Zonda to close in the second half of 2026, subject to regulatory approval. The company said its guidance does not include any financial contribution from the transaction. Lown said this would be his final earnings call as CoStar's CFO before joining Allstate in the same role. Florance announced that Robin Rossmann, who has led CoStar businesses internationally, will succeed Lown as chief financial officer. About CoStar Group (NASDAQ:CSGP). 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. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider CoStar Group, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoStar Group wasn't on the list. While CoStar Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.

UK warehouse demand has recovered after three years of consolidation, driven by Amazon, defence, and Chinese e-commerce firms, according to CoStar Group data. Industrial net absorption reached nearly 6 million square feet in Q2 2026, the strongest reading in over three years. Defence-linked demand hit nearly 1 million square feet in the first half, including the Ministry of Defence's 545,000-square-foot facility at Panattoni Park Swindon. Amazon took an estimated 6 million square feet over 18 months, including a 2 million-square-foot facility at Segro Park Northampton. Chinese occupier take-up is on course for another record year, exceeding 2 million square feet by mid-2026 as platforms expand their UK logistics footprints for faster delivery times.