Key Highlights

● CSGP closed at $29.67 on 9 October 2026, down 0.5% on the day, and the $40.11 consensus target implies upside of about 35.2%.

● The consensus draws on 20 analysts, with targets from $26 to $67.

● Ratings split into nine Buy, nine Hold and two Sell, a Hold consensus in market data.

● On 29 July, Citigroup downgraded to Neutral and cut its target to $33 from $70, and KBW and William Blair also downgraded.

CoStar Group, Inc. (NASDAQ:CSGP) closed at $29.67 on Friday 9 October 2026, down 0.5% on the day. The shares sit close to the bottom of a 52-week range of $25.89 to $81.45 after a long period of weakness.

What Is the Latest Analyst Price Target?

According to market data, the consensus 12-month price target for CoStar is $40.11, based on 20 analysts with ratings in the past year, with a high of $67.00 and a low of $26.00. Against the $29.67 close, the consensus target suggests potential upside of about 35.2%. The ratings split is 9 Buy, 9 Hold and 2 Sell, giving an overall Hold consensus.

The consensus is broadly consistent with individual targets: those issued since late July range from $26 to $52, and their average is somewhat lower than $40.11 because the 12-month window still includes older, higher targets such as Jefferies' $67.

What Are Wall Street Analysts Saying?

Analysts turned more cautious after the company's second-quarter report at the end of July. On 29 July, Citigroup downgraded CoStar from Outperform to Neutral and cut its target from $70 to $33. KBW moved from Outperform to Market Perform with a $29 target, William Blair downgraded to Market Perform, and JPMorgan lowered its target from $58 to $52 while keeping an Overweight rating. Goldman Sachs reiterated Buy at $40, and Citizens JMP and BTIG cut their targets to $35 and $42 respectively.

More recently, Needham reiterated a Buy rating with a $40 target on 6 October. BMO Capital Markets (Market Perform) raised its target from $31 to $33 on 24 August and KeyCorp set a $33 target the same day. Wells Fargo is among the most bearish, with an Underweight rating and a $26 target set on 24 June.

What Could Help the Stock Reach the Price Target?

For the shares to move toward the consensus target, investors would probably need evidence that CoStar's investment spending is translating into growth and margin improvement. Market data records most recent-quarter earnings per share of $0.32 against $0.29 expected, a modest beat. Continued earnings beats, clearer returns on its marketplace and information businesses, and stabilising sentiment could narrow the gap between the share price and the targets of Needham and Goldman Sachs at $40.

What Could Prevent the Stock Reaching the Target?

The risks are visible in the recent analyst actions. A cluster of downgrades and target cuts on 29 July shows that sentiment turned negative, and the stock hit a new one-year low in July. Two Sell ratings and nine Holds mean that the stock is not widely favoured. If growth disappoints, or spending continues to weigh on profitability, targets could be cut further. Valuation compression across software and data companies could also affect the shares regardless of company-specific progress.

What Should Investors Watch Next?

Other things to watch include further broker revisions, any change in guidance, and whether the shares hold above the 52-week low of $25.89.

CoStar's July Downgrades Still Weigh on a Hold-Rated Panel

CoStar closed at $29.67 on 9 October 2026, with the $40.11 consensus target about 35.2% higher, although targets issued since late July range from $26 to $52 and average somewhat less because the window still includes older, higher targets. The 29 July downgrades and cuts from Citigroup, KBW and William Blair marked a turn in sentiment, and two Sell ratings and nine Holds mean the stock is not widely favoured. Market data shows earnings per share of $0.32 against $0.29 expected.