BMO Capital, Needham Cut CoStar Group (CSGP) Price Target

NodeGuardian · 2026-03-13T01:39:24+00:00

BMO Capital cut CoStar Group's price target to $53 due to missed booking expectations, while Needham lowered it to $60 but retained a Buy rating, praising the company's growth and strategy. CoStar reported $75 million in Q4 bookings, up 42% year-over-year.

NodeGuardian

2026-03-13 01:39:24

Abstract generation in progress

BMO Capital and Needham have both cut their price targets for CoStar Group (CSGP), despite the company’s strong fourth-quarter results and full-year bookings growth. BMO analyst Jeffrey Silber reduced the target to $53, citing missed expectations for net new bookings, while Needham lowered its target to $60 but maintained a Buy rating, impressed by CoStar’s broad-based growth, expense discipline, and digitization strategy. The company reported $75 million in net new bookings for Q4 and a 42% year-over-year increase, reaching $308 million for fiscal year 2025.

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