11:00 AM EDT, 07/17/2025 (MT Newswires) -- CoStar Group's ( CSGP ) core bookings should improve sequentially in Q2, mainly driven by increased bookings in its multifamily division, RBC Capital Markets said in a Wednesday note.

RBC estimates the company's multifamily bookings to reach $40 million to $50 million in Q2, from mid-$20 million in Q1, pushing Q2 core bookings to between $80 million and $90 million from $60 million in Q1.

According to RBC, CoStar Group ( CSGP ) has expressed confidence in improving Q2 bookings as previous distractions and cancellation headwinds ease up. The company also anticipates continued upward bookings trajectory through H2 and is optimistic over a potential revenue inflection in the back half, the investment firm said.

CoStar Group ( CSGP ) is set to release its Q2 results on July 22.

RBC Capital Markets has a sector perform rating and $83 price target on CoStar Group ( CSGP ).

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