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Goldman Sachs Lowers its Price Target on CoStar Group (CSGP) to $63
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CoStar Group, Inc. (NASDAQ:CSGP) is one of the 10 Beaten Down Stocks Insiders Are Piling Into. On March 19, 2026, Goldman Sachs analyst George Tong lowered the price target on CoStar Group, Inc. (NASDAQ:CSGP) to $63 from $73 and maintained a Buy rating. George Tong said traffic at Homes.com has moderated, with February uniques down 8% year over year, creating pressure on residential revenue, while noting Apartments.com traffic remains stronger. George Tong added that while lower investment spending could support EBITDA margin expansion through 2028, softer bookings trends and potential disclosure changes introduce uncertainty around near-term growth and revenue visibility. On March 11, 2026, CoStar Group, Inc. (NASDAQ:CSGP) issued a statement responding to claims from D. E. Shaw, saying it has “never reported Homes.com results as a separate segment” and that its shift to product-based reporting provides “more transparency” through disclosures of revenue, EBITDA, and margins across Residential and Commercial segments. The company also said investors should expect continued Homes.com disclosures on earnings calls and questioned D. E. Shaw’s intentions, citing its ownership in competitors, while noting the addition of advisory firms, including Clare Locke LLP, Goldman Sachs & Co. LLC, Latham & Watkins LLP, and Joele Frank. CoStar Group, Inc. (NASDAQ:CSGP) provides real estate information, analytics, and online marketplace services globally. While we acknowledge the potential of CSGP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.