CoStar: Agent-Centric Homes.com Strategy and Premarket Listings Underpin Long-Term Buy Rating

William Blair analyst Stephen Sheldon has maintained their bullish stance on CSGP stock, giving a Buy rating on March 4.

Stephen Sheldon has given his Buy rating due to a combination of factors tied to CoStar’s strategic progress with Homes.com and its differentiated business model. He views the launch of premarket listings on Homes.com, and the initial partnership with eXp, as an incremental positive that can deepen listing content, enhance traffic, and broaden lead-generation opportunities on the platform.

At the same time, he highlights that Homes.com’s “Your Listing, Your Lead” approach positions it as a particularly attractive partner for brokerages over the long term, even if Zillow currently enjoys an early lead and more relationships. Sheldon believes this agent-centric model, combined with room to add more brokerage partners and expand premarket inventory, supports a constructive long-term growth outlook that justifies maintaining a Buy recommendation on CoStar shares.

In another report released on March 4, BTIG also maintained a Buy rating on the stock with a $60.00 price target.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CSGP in relation to earlier this year.