01:05 PM EDT, 10/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We decrease our 12-month target price by $25 to $78, valuing shares at 55.3x our 2026 non-GAAP EPS estimate vs the one-year average forward multiple of 78.6x. CSGP trades at 8.6x our forward EV/revenue estimate for 2026, a discount to both the one-year (9.9x) and three-year (10.9x) forward averages. We maintained our 2025 adjusted EPS estimate at $0.83 and increased 2026's by $0.07 to $1.41. Bookings dipped sequentially, with management attributing the decline to a seasonally strong Apartments.com Q2. Q3 had a lower subscription revenue mix (75%), as the Matterport/Domain acquisitions currently have less predictable SaaS heavy revenue streams. Adjusted EBITDA was up 51% Y/Y, with EBITDA down 75% Y/Y to $13M, with adjusted metrics relying heavily on SBC and acquisition/integration add-back costs. We see elevated SBC in 1H 2026 but believe elevated integration expenses should normalize. If Apartments.com growth does not increase in 2026, it is likely that growth will not be as margin accretive as anticipated.