Analyst Jeffrey Silber from BMO Capital maintained a Hold rating on CoStar Group and decreased the price target to $77.00 from $89.00.
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Jeffrey Silber’s rating is based on a combination of factors that reflect both positive and cautious outlooks for CoStar Group. The company’s recent acquisition of Domain and its disciplined approach to managing expenses have positively impacted its financial performance, as evidenced by the significant beat in adjusted EBITDA for the third quarter of 2025. Despite this, there are concerns about the sequential decline in bookings, particularly in the residential segment, which may be influenced by seasonal factors related to Apartments.com.
While CoStar Group’s commercial segment showed robust year-over-year growth, the residential segment’s performance was mixed, with weaker-than-expected bookings. The company’s upward revision of its 2025 guidance, driven by the Domain acquisition, indicates potential for future growth. However, uncertainties remain regarding the finalization of the 2026 residential investment budget and the complexities of IFRS/GAAP conversion. These factors contribute to the Hold rating, as they suggest a balanced view of the company’s near-term prospects.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $76.00 price target.
CSGP’s price has also changed moderately for the past six months – from $82.700 to $70.510, which is a -14.74% drop .