Wells Fargo Reiterates Sell Rating on CoStar Group
Wells Fargo keeps CoStar Group at a sell rating with a $26 target, a 12.16% downside from the current price.
Key Points
- Wells Fargo reiterated its sell rating on CoStar Group, Inc. with a price target of $26.00 on June 24, 2026.
- Wells Fargo's $26 price target implies 12.16% downside from CoStar Group, Inc.'s ($CSGP) current $29.60 share price.
- CoStar Group, Inc. trades at $30.51 with a market cap of $11.93 billion and a P/E ratio of 417.4.
- Insiders have been active, including CEO Andrew Florance buying 71,430 shares on May 1, 2026.
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Wells Fargo has reiterated its sell rating on CoStar Group, Inc. (NasdaqGS: CSGP), setting a price target of $26.00. This update was issued by analyst Jason Haas on June 24, 2026.
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CoStar Group, Inc. Stock Down 8.1%
Shares of NasdaqGS:CSGP traded near $30.51 on Wednesday. CoStar Group has a market capitalization of $11.93 billion and a P/E ratio of 417.4, indicating high investor expectations relative to its earnings. The forward P/E is more modest at 16.2. The stock's 52-week range has been between $29.08 and $97.43, with a 50-day moving average of $34.55 and a 200-day moving average of $56.86. CoStar Group maintains a solid current ratio of 2.2 and a quick ratio of 1.9, with a debt-to-equity ratio of 14.5.
$CSGP price target
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Insider Buying and Selling at CoStar Group, Inc.
Insider activity at CoStar Group has been notable. On May 1, 2026, President and CEO Andrew Florance purchased 71,430 shares at an average price of $35.20. Meanwhile, on June 15, 2026, Chief Accounting Officer Cynthia Cammett sold 461 shares at $32.04. Other insiders, including General Counsel Gene Boxer and Chief Human Resources Officer Michael Desmarais, have also sold shares earlier in the year.
Analysts Set New Price Targets
On June 24, 2026, Wells Fargo maintained its sell rating on CoStar Group with a $26.00 price target. Other analysts have varied in their views: Benchmark initiated coverage with a buy rating and a $45.00 target on June 4, 2026, and B of A Securities maintained a hold rating with a $37.00 target on May 19, 2026. Overall, the consensus recommendation leans towards a buy, with an average target price of $48.25 across 20 analyst opinions.
About CoStar Group
CoStar Group, Inc. is a leading provider of real estate information and analytics. Based in Arlington, Virginia, the company offers a range of services including property inventories, leasing data, sales transaction databases, and market trend reports. It operates various online platforms such as LoopNet and Apartments.com, catering to real estate professionals and consumers globally. Founded in 1986, CoStar is led by CEO Andrew Florance and employs over 8,400 people.
Bottom Line
Wells Fargo's reiteration of a sell rating with a $26 target suggests caution among some analysts regarding CoStar Group's current valuation. With a high P/E ratio and active insider trading, investors may be closely watching upcoming earnings on July 21, 2026, for further insights into the company's performance. As always, 13F filings and analyst updates reflect past actions and opinions, not future predictions.
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