Goldman Sachs Reiterates Buy Rating on CoStar Group
Goldman Sachs maintains its buy rating on CoStar Group, setting a $46 price target, a 52.12% upside from the current price.
Key Points
- Goldman Sachs reiterated its buy rating on CoStar Group, Inc. (CSGP) with a price target of $46 on June 25, 2026.
- Goldman Sachs's $46 price target implies 52.12% upside from CoStar Group, Inc.'s ($CSGP) current $30.24 share price.
- Shares of CoStar Group traded at $29.04 on Thursday, with a market cap of $11.93 billion and a forward P/E of 16.24.
- Insider buying activity was noted on June 23, 2026, with multiple insiders acquiring 8,262 shares each.
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Goldman Sachs reiterated its buy rating on CoStar Group, Inc. (NasdaqGS: CSGP) on June 25, 2026. The firm set a price target of $46. This comes as CoStar shares traded around $29.04 on Thursday.
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CoStar Group, Inc. Stock Down 6.1%
Shares of CoStar Group traded near $29.04 on Thursday. The company has a market cap of approximately $11.93 billion and a forward P/E ratio of 16.24. CoStar's beta is 0.72, indicating lower volatility compared to the market. The stock's 52-week range has seen a low of $29.08 and a high of $97.43. It also has a 50-day moving average of $34.55 and a 200-day moving average of $56.86.
$CSGP price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at CoStar Group, Inc.
On June 23, 2026, several insiders at CoStar Group made notable purchases. John Berisford, Angelique Brunner, John Hill, Louise Sams, Rachel Glaser, and Christine McCarthy each bought 8,262 shares. These transactions were not part of any pre-planned trading program.
Analysts Set New Price Targets
On June 25, 2026, Goldman Sachs maintained its buy rating on CoStar with a $46 price target. Wells Fargo, however, maintained a sell rating with a $26 target on June 24, 2026. Earlier in the month, Benchmark initiated coverage with a buy rating and a $45 target on June 4, 2026. The consensus among 20 analysts is a buy rating, with a mean price target of $48.25.
About CoStar Group
CoStar Group, Inc. provides a range of information, analytics, and online marketplace services to the real estate and related business communities. Headquartered in Arlington, Virginia, the company operates globally, covering regions such as the United States, Australia, Canada, Europe, the Asia Pacific, and Latin America. Led by CEO Andrew C. Florance, CoStar offers services like CoStar Property, Leasing, Sales, and various marketing sites including LoopNet.com and Homes.com. The company employs over 8,400 people.
Bottom Line
Goldman Sachs' reiteration of its buy rating signals confidence in CoStar Group's potential, despite its current stock price. Investors often track these ratings for insights into market sentiment and potential future performance. However, it's important to remember that such analyst ratings reflect opinions at the time and are subject to change.
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