CoStar Group, Inc. · CSGP · FY2025 Q4 · Calendar Q1 2026
CoStar reports strong FY2025 and maintains 2026 outlook
The supplied analysis supports a constructive but execution-dependent view: strong FY2025 results, maintained 2026 guidance, residential-platform expansion, and AI products support continued growth, while investment intensity, acquisitions, competition, and macro conditions remain important counterweights.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Management maintained its 2026 guidance and highlighted new AI-driven offerings, geographic expansion, and sales-force growth. The analysis also identifies ongoing investment and integration demands as key execution considerations.
Guidance delta
Maintained: management said the company is on track to meet its 2026 guidance.
Key takeaways
- FY2025 revenue and adjusted EBITDA beat expectations, according to the supplied analysis.
- Management highlighted Homes.com, Apartments.com, and AI-enabled data products as growth drivers.
- Geographic expansion and a larger sales force remain central to the growth plan.
Management priorities
- Expand Homes.com and Apartments.com and grow their subscriber base.
- Launch and scale AI-enabled products including Homes AI, rent benchmarking, and lease abstraction.
- Expand data and marketplace operations across Australia and Europe.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 24, 2026 |
| Wolfe Research | Outperform | Outperform | Maintain | Jul 29, 2026 |
| William Blair | Market Perform | Outperform | Downgrade | Jul 29, 2026 |
| Needham | Buy | Buy | Maintain | Jul 29, 2026 |
| Keefe, Bruyette & Woods | Market Perform | Outperform | Downgrade | Jul 29, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 29, 2026 |
| Citizens | Market Outperform | Market Outperform | Maintain | Jul 29, 2026 |
| Citigroup | Neutral | Buy | Downgrade | Jul 29, 2026 |
| BTIG | Buy | Buy | Maintain | Jul 29, 2026 |
| Baird | Neutral | Outperform | Downgrade | Jul 14, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 13, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jun 25, 2026 |
| Wells Fargo | Underweight | Underweight | Maintain | Jun 24, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | May 19, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | May 4, 2026 |
| JMP Securities | Market Outperform | Market Outperform | Maintain | Apr 30, 2025 |
| Citizens Capital Markets | Market Outperform | Market Outperform | Maintain | Mar 12, 2025 |
| Jefferies | Hold | Hold | Maintain | Apr 12, 2024 |
| Truist Securities | Buy | Buy | Maintain | Oct 25, 2023 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Apr 29, 2020 |
| B. Riley Securities | Buy | Buy | Maintain | Apr 23, 2020 |
| B. Riley FBR | Buy | Buy | Maintain | Apr 23, 2020 |
| B. Riley | Buy | Buy | Maintain | Oct 21, 2019 |
| Keefe Bruyette & Woods | Outperform | Outperform | Maintain | Jul 10, 2019 |
| Bank of America | Buy | Buy | Maintain | Apr 24, 2019 |
| Morgan Stanley | Underweight | Equal Weight | Downgrade | Aug 16, 2012 |
| Raymond James | Market Perform | Outperform | Downgrade | Jul 6, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $27.4. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| KeyBanc | Analyst unavailable | $33 | $32.7 | +20.4% | Aug 24, 2026 |
| BMO Capital | Jeffrey Silber | $33 | $32.26 | +20.4% | Aug 24, 2026 |
| BTIG | Analyst unavailable | $42 | $30.33 | +53.3% | Jul 29, 2026 |
| Goldman Sachs | George Tong | $40 | $30.33 | +46.0% | Jul 29, 2026 |
| Needham | Mayank Tandon | $40 | $30.33 | +46.0% | Jul 29, 2026 |
| Wolfe Research | Scott Wurtzel | $32 | $30.33 | +16.8% | Jul 29, 2026 |
| Robert W. Baird | Jeffrey Meuler | $34 | $28.77 | +24.1% | Jul 14, 2026 |
| RBC Capital | Analyst unavailable | $34 | $28.39 | +24.1% | Jul 13, 2026 |
| Goldman Sachs | Analyst unavailable | $46 | $29.81 | +67.9% | Jun 25, 2026 |
| Wells Fargo | Analyst unavailable | $26 | $30.26 | -5.1% | Jun 24, 2026 |
| Stephens | Analyst unavailable | $42 | $34.72 | +53.3% | May 4, 2026 |
| Deutsche Bank | Analyst unavailable | $44 | $33.95 | +60.6% | Apr 30, 2026 |
| Needham | Mayank Tandon | $50 | $34.31 | +82.5% | Apr 29, 2026 |
| BTIG | Jake Fuller | $55 | $37.6 | +100.7% | Apr 15, 2026 |
| Stephens | Brett Huff | $50 | $37.68 | +82.5% | Apr 14, 2026 |
| BTIG | Analyst unavailable | $60 | $44.78 | +119.0% | Feb 26, 2026 |
| Robert W. Baird | Jeffrey Meuler | $73 | $43.53 | +166.4% | Feb 25, 2026 |
| Jefferies | Analyst unavailable | $67 | $49.07 | +144.5% | Feb 20, 2026 |
| Wells Fargo | Analyst unavailable | $48 | $51.73 | +75.2% | Feb 4, 2026 |
| BTIG | Jake Fuller | $80 | $65.81 | +192.0% | Jan 27, 2026 |
| BNP Paribas | Analyst unavailable | $64 | $61.82 | +133.6% | Jan 14, 2026 |
| Goldman Sachs | George Tong | $84 | $61.82 | +206.6% | Jan 14, 2026 |
| Deutsche Bank | Analyst unavailable | $68 | $62.03 | +148.2% | Jan 8, 2026 |
| Goldman Sachs | Analyst unavailable | $72 | $62.13 | +162.8% | Jan 8, 2026 |
| Wells Fargo | Jason Haas | $55 | $61.66 | +100.7% | Jan 8, 2026 |
| BMO Capital | Analyst unavailable | $72 | $61.66 | +162.8% | Jan 8, 2026 |
| Goldman Sachs | Analyst unavailable | $78 | $61.66 | +184.7% | Jan 8, 2026 |
| Raymond James | Analyst unavailable | $74 | $61.66 | +170.1% | Jan 7, 2026 |
| Wells Fargo | Analyst unavailable | $60 | $68.05 | +119.0% | Nov 17, 2025 |
| Wolfe Research | Scott Wurtzel | $105 | $87.86 | +283.2% | Sep 3, 2025 |
| Stephens | Brett Huff | $105 | $81.94 | +283.2% | Jun 16, 2025 |
| UBS | Analyst unavailable | $89 | $76.25 | +224.8% | Feb 28, 2025 |
| Citigroup | Peter Christiansen | $90 | $72.82 | +228.5% | Oct 23, 2024 |
| RBC Capital | Ashish Sabadra | $83 | $76.87 | +202.9% | Oct 23, 2024 |
| RBC Capital | Ashish Sabadra | $96 | $78.22 | +250.4% | Oct 16, 2024 |
| Robert W. Baird | Jeffrey Meuler | $100 | $77.37 | +265.0% | Sep 24, 2024 |
| Goldman Sachs | George Tong | $93 | $77.37 | +239.4% | Sep 24, 2024 |
| Citigroup | Peter Christiansen | $97 | $77.36 | +254.0% | Sep 6, 2024 |
| JMP Securities | Nicholas Jones | $90 | $74.84 | +228.5% | Jul 24, 2024 |
| Goldman Sachs | George Tong | $108 | $72.73 | +294.2% | Jun 20, 2024 |
| BMO Capital | Jeff Silber | $88 | $91.95 | +221.2% | Apr 25, 2024 |
| BMO Capital | Jeff Silber | $84 | $84.18 | +206.6% | Apr 19, 2024 |
| RBC Capital | Ashish Sabadra | $109 | $95.82 | +297.8% | Mar 25, 2024 |
| Robert W. Baird | Jeffrey Meuler | $105 | $96.15 | +283.2% | Mar 18, 2024 |
| JMP Securities | Nicholas Jones | $110 | $96.15 | +301.5% | Mar 18, 2024 |
| RBC Capital | Ashish Sabadra | $95 | $83.24 | +246.7% | Feb 21, 2024 |
| Needham | Mayank Tandon | $100 | $84.64 | +265.0% | Jul 26, 2023 |
| J.P. Morgan | Analyst unavailable | $110 | $77.88 | +301.5% | Dec 16, 2022 |
| Needham | Analyst unavailable | $77 | $64 | +181.0% | Apr 27, 2022 |
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Start freeCompany context
Snapshot as of publicationCoStar Group, Inc. (CSGP) stands as a premier global provider of comprehensive information, sophisticated analytics, and dynamic online marketplace services. The company caters to professionals within the commercial real estate, hospitality, residential, and related industries, extending its reach across the United States, Canada, Europe, the Asia Pacific region, and Latin America. Its diverse suite of offerings encompasses powerful data platforms like CoStar Property, which meticulously catalogues an extensive inventory of various property types, including office, industrial, retail, multifamily, hospitality, student housing, and undeveloped land. Other key analytical tools comprise CoStar COMPS, a robust repository of comparable commercial real estate sales transactions; CoStar Market Analytics, designed for examining aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical resource providing detailed tenant information.…
Historical context
All CSGP earningsLatest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-09-30T22:46:07.801328+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-30T22:46:07.798396+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-30. For educational purposes only; not investment advice.