CoStar Group, IncNasdaq: CSGP
Real Estate · Real Estate Services
$34.80
+0.55%
Vol: 4.8M
Research Digest
Friday, May 1, 2026
Q1 revenue up 23% to $897M; adjusted EBITDA doubled; AI on Homes.com; Wells Fargo cuts PT to $33
CoStar reported Q1 2026 revenue of $897M (+23% YoY) with adjusted EBITDA roughly doubling YoY to $132M. Company launched transformative AI experience on Homes.com with voice-enabled guidance for home discovery. Homes.com members seeing avg commission increase of $36,400 in first year vs $3,400 subscription cost. CoStar plans France launch Q2 and Australia expansion Q3-Q4 2026. However, Wells Fargo cut PT from $40 to $33 (Underweight); Deutsche Bank lowered to $44 from $55 (Buy). Stock faced pressure on sales miss and AI disruption concerns despite 60th consecutive quarter of double-digit revenue growth. FY26 adjusted EBITDA guidance raised to $780-$820M.
Previous Market Intelligence
13 daysApr 30CoStar reports 23% Q1 revenue growth to $897M but stock drops 4% amid activist investor exitMixed▶
CoStar Group reported Q1 revenue of $897M (+23% YoY) marking 60th consecutive quarter of double-digit revenue growth. Adjusted EPS of $0.23 (+53% YoY) and adjusted EBITDA of $132M (+100% YoY). Company raised Q1 net new bookings to $67M (+20% YoY). However, stock fell 4% on April 29 as Third Point exited activist position after poor capital allocation criticism. Prices increased for new members May 1.
Apr 16Activist hedge fund Third Point exited CoStar stake on April 11; Q1 2026 earnings scheduled for April 28Mixed▶
CoStar Group scheduled Q1 2026 earnings announcement for April 28, 2026 after market close with management conference call at 5:00 p.m. EDT. Analysts expect EPS of $0.11, up 37.5% from $0.08 in year-ago quarter. On April 11, activist hedge fund Third Point divested its entire CSGP stake. Analyst Baird lowered target from $73 to $56 on April 13 while maintaining Outperform rating. Stephens initiated Buy on April 14. Average target $64.35 (76.4% upside). Stock down 51.6% over past year.
Apr 15Baird lowered CSGP price target to $56 from $73; Q1 earnings scheduled for April 28 with office leasing showing strength.Negative▶
CoStar Group will report Q1 2026 earnings on April 28 with analysts forecasting EPS of $0.11, up 37.5% year-over-year. The company reported record Q1 office leasing volume of 120 million sq ft, up 25% annually. However, Baird recently downgraded its price target significantly, reflecting concerns despite operational strength. The stock has declined 51.6% over the past year amid mixed sentiment.
Apr 14CoStar Group activist Third Point exits stake without proxy fight; Q1 earnings due April 28 with 37.5% EPS growth expected.Mixed▶
CoStar Group will announce Q1 2026 earnings April 28 after market close. Third Point hedge fund announced April 12 it will not pursue proxy battle, exiting its entire stake April 11. Baird lowered price target from $73 to $56 while maintaining Outperform. Stock down 51.6% over past year. Analyst consensus Buy with $74.77 PT.
Apr 13CoStar Group stock hits 52-week low as Third Point activist investor exits entire CSGP stake on April 11, 2026.Negative▶
CoStar Group shares declined 3.9% on April 9 and hit a 52-week low of $38.67 as investors reacted to Third Point's decision to divest its entire stake on April 11, 2026. The activist exit signals concern about the company's competitive position amid AI competition. CoStar faces declining earnings while preparing for Q1 2026 earnings on April 28.
Apr 10CoStar hit 52-week low amid AI disruption concerns, but launched Homes.com AI experience and posted strong Q1 office leasing.Mixed▶
CoStar Group stock hit a 52-week low of $38.67, down 46% year-over-year. The company launched a transformative AI experience on Homes.com with voice-enabled guidance. Q1 office leasing rose 25% year-over-year. CoStar appointed Nana Banerjee to its board. 13 analysts maintain Buy rating with $74.77 target (81.59% upside).
Apr 9CoStar rebounds 15% from lows but remains 46% down YoY; Homes.com pre-market listings debutMixed▶
CoStar Group experienced 15% rebound recent month but down 46% YoY amid Homes.com underperformance concerns and AI disruption fears. Homes.com launched pre-market listings partnership with eXp Realty (first national brokerage partner). Board appointed technology executive Nana Banerjee (March 11). FY 2025 revenue $3.25B (+18.68% YoY); earnings $7M (-94.96% YoY) due to integration challenges. 13 analysts rate Buy with $74.77 PT (81.59% upside from $41.2 current). Analyst sentiment remains mixed on Homes.com execution; D.E. Shaw Group criticized longstanding underperformance (March 10) vs. company response. Stock volatility reflects transformation risk but analyst consensus sees significant upside if Homes.com gains traction with pre-market listings innovation.
Apr 8CoStar launches AI experience on Homes.com with voice-enabled guidancePositive▶
CoStar appointed Nana Banerjee to Board March 16 (20+ years data/AI/analytics experience). Launched transformative AI on Homes.com with real-time voice guidance. Q4 revenue $900M (+26.9% YoY) beat expectations but missed full-year EPS. Q1 earnings April 28.
Apr 7CoStar launches transformative AI on Homes.com; navigates activist investor pressure.Positive▶
CoStar Group (CSGP) reported 2025 revenue of $3.25B (+18.68% YoY) with upbeat Q4 results. Launched AI experience on Homes.com with real-time voice-enabled guidance. Appointed Nana Banerjee to Board (20+ yrs C-suite AI/data experience). Despite 38.8% YoY decline, analysts maintain Moderate Buy with PT $74.77 (+81.59% upside). Navigating D.E. Shaw activist involvement.
Apr 6CoStar appointed Nana Banerjee to Board and launched Homes.com AI experience; stock down 52.8%.Mixed▶
CoStar appointed Nana Banerjee to Board effective March 16, 2026. Company launched transformative AI voice-enabled guidance experience on Homes.com. Stock declined 52.8% since October 2025 amid competitive and AI disruption concerns. Analyst consensus Buy with $75.54 target.
Apr 3CoStar Group scheduled to report Q1 2026 earnings April 28; Parnassus exit signals investor concerns over Homes.com competition.Negative▶
CoStar Group will announce Q1 2026 financial results on April 28, 2026. Recent investor sentiment turned negative after Parnassus disclosed position exit citing concerns about Homes.com spending, Google competition in home listings, and weak housing market. Goldman Sachs noted moderating Homes.com traffic but Apartments.com remains resilient.
Apr 2CoStar Group announced winners of fifth annual CoStar Impact Awards; U.S. rents rose 0.2% in March per Apartments.com report.Negative▶
CoStar Group announced winners of the fifth annual CoStar Impact Awards recognizing 353 commercial real estate projects. U.S. rents rose 0.2% in March with annual growth easing to 0.4% per Apartments.com data released by CoStar. CoStar filed amended complaint against Zillow alleging continued copyright image infringement. Goldman Sachs lowered price target to $63 from $73 on March 19. Stock at $40.33 has declined 58.4% from 52-week high. Consensus Buy rating with $75.54 price target (73.18% upside).
Apr 1Goldman Sachs cut CoStar price target to $63 from $73; stock down 46.52% in three months.Negative▶
CoStar Group faced analyst headwinds when Goldman Sachs reduced its price target to $63 from $73. Shares lost 46.52% of value over three months. Net income fell 94.95% year-over-year, reflecting challenges from Google competition in home listings and weak housing market.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CBRECBRE | $142.03 | -0.49% | +4.8% | 16.1x | 1.35 | $41.8B |
| CSGPCOSTAR | $34.80 | +0.55% | -15.9% | 19.5x | 0.92 | $14.7B |
| WELLWELLTOWER | $217.35 | +0.00% | +8.2% | 66.1x | — | $153.2B |
| PLDPROLOGIS | $141.40 | -0.43% | +7.3% | 41.8x | 1.41 | $132.4B |
| EQIXEQUINIX | $1,082.36 | -0.04% | +6.6% | 49.5x | 1.00 | $106.8B |
| AMTAMERICAN | $181.72 | -0.54% | +3.7% | 26.4x | 0.93 | $85.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.