William Blair analyst Stephen Sheldon has reiterated their bullish stance on CSGP stock, giving a Buy rating yesterday.
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Stephen Sheldon has given his Buy rating due to a combination of factors including CoStar Group’s strong financial performance and positive growth outlook. The company reported a significant increase in third-quarter revenue, surpassing both estimates and consensus, with a notable improvement in adjusted EBITDA and EPS. These results reflect the company’s successful efforts in expanding its core business and international presence.
Furthermore, CoStar’s management has raised its 2025 guidance, indicating confidence in continued growth. The Homes.com business showed promising trends with increased subscriptions, improved retention rates, and higher net new bookings. These developments, along with progress in salesforce expansion and brand awareness, suggest a robust trajectory for CoStar, justifying the Buy rating.
In another report released yesterday, KBW also reiterated a Buy rating on the stock with a $100.00 price target.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSGP in relation to earlier this year.