Citizens lowered the firm’s price target on CoStar Group (CSGP) to $78 from $100 and keeps an Outperform rating on the shares. CoStar’s 2026 guidance calls for EBITDA of $740M-$800M, driven by significant loss improvements at homes.com and 15% compounded revenue growth through 2028, with 2028 EBITDA guided to $1.25B below consensus, the analyst tells investors in a research note. While guidance appears conservative historically, the pace of margin expansion is slower than expected as the company prioritizes growth over profitability, pushing the homes.com margin inflection further out, Citizens says.
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