CoStar Group, Inc.

NasdaqGS:CSGP Stock Report

Market Cap: US$13.3b

CoStar Group Future Growth

Future criteria checks 4/6

CoStar Group is forecast to grow earnings and revenue by 40.5% and 12% per annum respectively. EPS is expected to grow by 40.9% per annum. Return on equity is forecast to be 8.5% in 3 years.

Key information

40.5%

Earnings growth rate

40.87%

EPS growth rate

Real Estate earnings growth26.6%
Revenue growth rate12.0%
Future return on equity8.46%
Analyst coverage

Good

Last updated14 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 13

CSGP: AI Deployment And Activist Discipline Will Support Residential Margin Recovery

CoStar Group's updated analyst price target framework now points to a lower fair value of $49.32 from $61.42, as analysts recalibrate expectations around revenue growth, profitability, and a more moderate future P/E after a broad wave of target cuts across the Street. Analyst Commentary Recent research has centered on how CoStar Group balances growth investments, particularly around Homes.com and multifamily, with profitability and valuation discipline.
Narrative Update • Apr 21

CSGP: Activist Pressure And AI Rollout Will Support Residential Margin Recovery

Analysts have trimmed CoStar Group's implied value by about $3 per share to reflect a series of lower Street price targets, citing softer bookings, questions around medium term revenue growth, and ongoing investment in Homes.com despite solid recent margins and reaffirmed longer term guidance from several firms. Analyst Commentary Recent research shows a wide range of opinions on CoStar Group, with most firms trimming price targets while reassessing how Homes.com spending, bookings trends, and disclosure around the residential and multifamily segments feed into execution risk and valuation.
Seeking Alpha • Apr 21

CoStar: Even After The Fall, This Stock Remains Vulnerable In The AI Age

Summary CoStar is initiated at a Sell rating due to a lack of a technology moat and unjustified valuation multiples, despite a 40% YTD stock drop. CSGP's ambitious growth targets—10x adjusted EBITDA by 2030 and 19% revenue growth in FY26—appear unrealistic given macro headwinds and competitive AI risks. Heavy investments in residential AI and sales force expansion are expected to pressure margins, with residential segment margins lagging commercial at only 5–7%. Even if CSGP meets its guidance, shares trade at 21.2x FY26 EV/EBITDA, a premium to peers, making the current correction a justified re-rating rather than a buying opportunity. Read the full article on Seeking Alpha
Narrative Update • Apr 07

CSGP: Activist Pressure And AI Investments Will Shape Residential Margin Recovery

Analysts have trimmed CoStar Group's average price target by around $10 to reflect recent Q4 bookings softness, a more cautious mid term revenue outlook, and questions around segment disclosure, while still pointing to resilient core commercial performance and ongoing investments in Homes.com as key factors in their updated models. Analyst Commentary Recent research paints a mixed picture for CoStar Group, with most firms trimming price targets but keeping generally constructive views on the underlying commercial franchise and the long term potential of Homes.com.
Narrative Update • Mar 24

CSGP: Activist Pressure And Buybacks Will Support Residential Margin Recovery

Narrative Update The updated analyst price target for CoStar Group edges lower as analysts trim valuation multiples and fair value inputs by a small amount. This reflects recent cuts to Street targets following mixed Q4 bookings, evolving views on Homes.com investment and disclosure, and slightly more cautious medium term growth expectations, despite reaffirmed long term guidance and solid core commercial performance.
Narrative Update • Mar 08

CSGP: Activist Pressure And Buybacks Will Support Residential Investment Turnaround

Analysts have reduced their CoStar Group price target in aggregate, with our fair value estimate moving about $12.63 lower to $65.42 as they factor in softer bookings, slightly lower projected revenue growth and margin assumptions, and a more cautious view on medium term expansion, despite solid recent results and maintained long term guidance. Analyst Commentary Street research has turned more cautious on CoStar Group, with many firms lowering price targets while still acknowledging solid Q4 execution and reaffirmed long term guidance.
Narrative Update • Feb 22

CSGP: New Buyback And Activist Pressure Will Support Homes Investment Payoff

Analysts have trimmed their price target on CoStar Group by about $2.70 to $78.05, reflecting a blend of reduced fair value, a lower assumed future P/E multiple, and ongoing debate around Homes.com, while also highlighting long-term revenue growth prospects and the potential impact of activism and capital returns. Analyst Commentary Recent research on CoStar Group shows a clear split between optimism around long-term growth and caution around execution, Homes.com investment, and valuation.
Analysis Article • Feb 13

CoStar Group, Inc.'s (NASDAQ:CSGP) Share Price Is Still Matching Investor Opinion Despite 27% Slump

Unfortunately for some shareholders, the CoStar Group, Inc. ( NASDAQ:CSGP ) share price has dived 27% in the last...
Narrative Update • Feb 07

CSGP: New Buyback And Activist Pressure Will Support Future Upside

Analysts have made only a modest adjustment to their CoStar Group price targets, with small tweaks to fair value, discount rate, revenue growth and profit margin assumptions reflecting mixed views on the latest long term guidance, recent target resets ranging from about $55 to $78, and improving visibility cited by some firms. Analyst Commentary Recent research shows a split view on CoStar Group, with some focusing on long term growth optionality and others concentrating on near term profitability and execution risk around the updated multi year outlook.
Narrative Update • Jan 23

CSGP: New Buyback And Reduced Homes Investment Will Support Future Upside

Narrative Update on CoStar Group Analysts have trimmed their implied price target for CoStar Group to about $80.78 per share from $84.82, reflecting recalibrated expectations around margins, a higher assumed future P/E multiple near 84x, and mixed reactions to new long term guidance and capital return plans. Analyst Commentary Recent research shows a wide range of views on CoStar Group, with several firms adjusting price targets and reacting to the updated 2026 and medium term outlook, Homes.com investment plans, and the new US$1.5b share repurchase authorization.
Narrative Update • Jan 09

CSGP: New Buyback And Reduced Rival Pressure Will Drive Future Upside

Analysts have trimmed their price targets on CoStar Group, reducing fair value estimates from about $91.94 to $84.82 as they factor in lower long term guidance, a slightly higher discount rate, slower projected revenue growth, and a lower future P/E multiple, partly offset by a modestly higher expected profit margin and the new $1.5b buyback plan. Analyst Commentary Recent research paints a mixed picture for CoStar Group, with analysts splitting between confidence in the long term and concern about execution risk and valuation after the updated 2026 and medium term outlook.
Narrative Update • Dec 25

CSGP: Rival Partnership Disruptions Will Drive Future Competitive And Share Price Upside

Analysts have modestly lowered their price target on CoStar Group to $60.00 from $70.00, citing a slightly improved competitive outlook from potential disruption to rival partnerships, while maintaining a cautious stance overall. Analyst Commentary Analysts see recent legal and competitive developments in the U.S. online real estate market as incrementally supportive of CoStar's long term positioning, but not yet strong enough to offset concerns about valuation and execution risks.
Narrative Update • Dec 11

CSGP: Medium-Term Upside Will Be Driven By Rival Regulatory Disruptions

Analysts modestly reduced their price target on CoStar Group to $60.00 from $70.00, citing updated views on competitive dynamics and regulatory developments that are seen as neutral to slightly positive for the company over the long term. Analyst Commentary Bullish Takeaways Bullish analysts view the FTC and Compass lawsuits against a key competitor as a potential catalyst that could weaken rival marketplace dynamics, supporting CoStar's long term competitive positioning.
Narrative Update • Nov 27

CSGP: Medium-Term Upside Will Be Driven By Expanding Margins And Industry Disruption

CoStar Group's analyst price target has been revised downward from $70 to $60. Analysts attribute this change to expert views on legal developments in the sector and ongoing market competition, while maintaining a neutral to slightly positive outlook for the company's strategic position.
Narrative Update • Nov 13

CSGP: Positioned For Medium-Term Upside As Operating Leverage Expands Margins

Narrative Update on CoStar Group Analysts have lowered their fair value estimate for CoStar Group from $94.06 to $92.59 per share. This change reflects concerns about reduced profit margin forecasts, though there is ongoing confidence in steady revenue growth and the company's strong digital platform performance.
Narrative Update • Oct 29

Margin Expansion And Platform Momentum Will Drive Strong Returns Ahead

Analysts have lowered their fair value estimate for CoStar Group from $97.13 to $94.06, citing moderated sales growth expectations and a higher required return. However, they remain optimistic due to anticipated margin expansion and strong platform performance.
Analysis Article • Sep 11

Is CoStar Group (NASDAQ:CSGP) Using Debt Sensibly?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Narrative Update • Sep 04

Digitalization And AI Integration Will Create Future Real Estate Opportunities

Analysts remain upbeat on CoStar Group, highlighting continued strength across key platforms like Homes.com and Apartments.com, and expecting margin expansion from operating leverage, while the consensus price target remains unchanged at $97.12. Analyst Commentary Bullish analysts cite strong investment returns and traction from the Homes.com platform as a key driver of future growth.
Analysis Article • May 31

CoStar Group (NASDAQ:CSGP) Has A Pretty Healthy Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Seeking Alpha • Feb 21

CoStar Group: I Still Expect Growth To Accelerate Back To High-Teens

Summary I maintain a buy rating for CoStar Group due to its promising growth outlook, driven by strong performance in Apartments.com and Homes.com. CSGP's latest earnings report showed 11% y/y revenue growth to $709 million, with adj EBITDA up 47% sequentially, demonstrating strong operating leverage. Apartments.com continues to dominate with 13.4% y/y revenue growth in 4Q24, benefiting from high multifamily vacancy rates and strong pricing power. Homes.com grew 181% y/y in 4Q24, showing significant market share gains, though profitability remains a concern due to ongoing investments. Read the full article on Seeking Alpha
Seeking Alpha • Jan 31

CoStar Stock May Remain Flat For Another 5 Years

Summary CoStar Group has consistently delivered double-digit revenue growth for 54 consecutive quarters, showcasing robust performance even in a tough real estate market. Despite stellar revenue growth, CoStar's stock has underperformed, with a 5-year CAGR of just 2.87%, lagging behind the overall market and inflation. CSGP stock's valuation remains a significant obstacle, likely resulting in muted returns for investors over the next five years despite continued business expansion. Read the full article on Seeking Alpha
Seeking Alpha • Oct 24

CoStar Group: Growth Outlook In The Coming Years Remains Solid

Summary I reiterate my bullish view on CoStar Group stock due to solid growth outlook. CSGP's latest earnings showed 10.9% revenue growth, missing expectations, but EPS beat consensus; the residential segment grew 169% y/y, driven by Homes.com monetization. Fundamentals remain strong; commercial businesses grew high-single-digits y/y despite macro challenges; Homes.com network's momentum continues with significant sales rep expansion planned. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS:CSGP - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20284,8386059451,20113
12/31/20274,27641370186220
12/31/20263,80223351170920
3/31/20263,41225166529N/A
12/31/20253,247741430N/A
9/30/20253,05620-39363N/A
6/30/20252,915104-2395N/A
3/31/20252,812117-31306N/A
12/31/20242,736139-245393N/A
9/30/20242,667175-179447N/A
6/30/20242,599213-172389N/A
3/31/20242,5272942506N/A
12/31/20232,455375347490N/A
9/30/20232,388403432526N/A
6/30/20232,321384473565N/A
3/31/20232,251367370471N/A
12/31/20222,182370385479N/A
9/30/20222,116338325444N/A
6/30/20222,058330353462N/A
3/31/20222,002308445513N/A
12/31/20211,944293281470N/A
9/30/20211,882235299450N/A
6/30/20211,808229285458N/A
3/31/20211,725229267442N/A
12/31/20201,659227438486N/A
9/30/20201,589279419463N/A
6/30/20201,517300428473N/A
3/31/20201,463303397441N/A
12/31/20191,400315N/A458N/A
9/30/20191,341311N/A465N/A
6/30/20191,293291N/A450N/A
3/31/20191,247271N/A411N/A
12/31/20181,192238N/A335N/A
9/30/20181,130199N/A292N/A
6/30/20181,072174N/A259N/A
3/31/20181,012153N/A243N/A
12/31/2017965123N/A235N/A
9/30/2017930108N/A215N/A
6/30/201789597N/A209N/A
3/31/201786490N/A217N/A
12/31/201683885N/A201N/A
9/30/201681278N/A210N/A
6/30/201678950N/A191N/A
3/31/201675219N/A149N/A
12/31/2015712-3N/A140N/A
9/30/2015675-13N/A118N/A
6/30/20156396N/A128N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSGP's forecast earnings growth (40.5% per year) is above the savings rate (3.5%).

Earnings vs Market: CSGP's earnings (40.5% per year) are forecast to grow faster than the US market (16.8% per year).

High Growth Earnings: CSGP's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CSGP's revenue (12% per year) is forecast to grow faster than the US market (11.7% per year).

High Growth Revenue: CSGP's revenue (12% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CSGP's Return on Equity is forecast to be low in 3 years time (8.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/16 03:46
End of Day Share Price 2026/05/15 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CoStar Group, Inc. is covered by 25 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jeffrey MeulerBaird
Jeffrey SilberBMO Capital Markets Equity Research
Nicholas JonesBNP Paribas