Needham Rates CoStar (CSGP) Buy, $40 Price Target

On October 6, 2026, Needham maintained its positive stance on CoStar Group, Inc. (NASDAQ: CSGP), reiterating its Buy rating and keeping its price target steady at $40. The research note arrived as the real estate information provider's shares traded around $27.63 on the day of the update. The firm's target of $40 points to further upside from where the stock changed hands when the note was issued.

CSGP CoStar Group, Inc.

$31.81 ▼ -51.58% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Needham's Call on CoStar Group

Needham's decision to keep its $40 price target unchanged matches its prior target for the real estate services firm. Other Wall Street firms have adjusted their views on the stock recently. On July 29, 2026, Citigroup lowered its rating to Neutral and cut its target from $70 to $33. On the same day, JP Morgan maintained its Overweight rating and lowered its target from $58 to $52, while William Blair downgraded the stock to Market Perform. Later, on August 24, 2026, BMO Capital maintained a Market Perform rating and raised its target from $31 to $33. Overall, the stock carries a consensus buy rating from 20 analysts with a mean price target of $37.40.

Other Institutional Activity in CoStar Group

Large investment firms have adjusted their positions in CoStar Group during recent reporting periods. BAMCO Inc. grew its holdings by 5,312,066 shares, ending with 21,626,763 shares worth about $687.95 million. Capital International Investors lifted its stake by 1,129,392 shares to hold 16,643,016 shares valued at roughly $529.41 million. BAILLIE GIFFORD & CO trimmed its position by 457,347 shares, finishing with 13,154,165 shares worth about $418.43 million. Akre Capital Management, LLC grew its holdings by 1,351,443 shares to own 11,699,396 shares valued at roughly $372.16 million. Meanwhile, Polen Capital Management, LLC reduced its stake by 3,811,458 shares, leaving it with 8,759,314 shares worth about $278.63 million.

CoStar Group, Inc. Stock Down 1.5%

CoStar Group shares recently traded around $31.81 as of October 16, 2026. That puts the stock up about 15.1% compared to its closing price of $27.63 on the day Needham issued its research note. The stock trades about 5.2% above its 50-day moving average of $30.25, while remaining below its 200-day moving average of $38.42. Shares sit well below their 52-week high of $79.08 and above their 52-week low of $25.89.

Recent Earnings

CoStar Group posted $3.56 billion in trailing twelve month revenue with basic earnings of $0.18 per share. The company reported a net profit margin of 2.1% and a return on equity of 0.9%. Investors look ahead to the company's next earnings report scheduled for October 27, 2026.

Insider Buying and Selling at CoStar Group, Inc.

Company insiders have made several trades over recent months. Chief Executive Officer Andrew Colden Florance bought 71,430 shares on May 1, 2026, valued at $2.51 million, and later bought 83,300 shares on August 4, 2026, at an average price of $29.89 for a total value of $2.49 million. Director John W Hill sold 3,500 shares on August 5, 2026, at $30.21 per share for a total value of $105,735. Officer Cynthia Cammett Cann sold 4,788 shares on August 7, 2026, at $30.78 per share for a total value of $147,375.

About CoStar Group

CoStar Group, Inc. provides information, analytics, and online marketplace services to real estate and related business communities. Headquartered in Arlington, Virginia, the firm serves clients across the United States, Europe, Canada, Australia, Asia, and Latin America. Its platforms support commercial property transactions and data research for industry professionals.

Bottom Line

Needham's continued support keeps a spotlight on CoStar Group as the company heads toward its upcoming earnings report on October 27, 2026. Investors will watch how the company's financial results measure up against analyst targets and shifting institutional ownership trends.