CoStar Group price target lowered to $63 from $73 at Goldman Sachs

Goldman Sachs analyst George Tong lowered the firm’s price target on CoStar Group (CSGP) to $63 from $73 and keeps a Buy rating on the shares. Online traffic at Homes.com has moderated, with February uniques down 8% year over year, creating incremental pressure on residential revenue, while Apartments.com traffic remains healthier, the analyst tells investors in a research note. Although reduced investment spending should drive meaningful EBITDA margin expansion through 2028, softer bookings trends and potential disclosure changes add uncertainty around revenue transparency and near-term growth, the firm says.