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Research Alert: CFRA Keeps Buy Opinion On Shares Of Costar Group, Inc.
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Research Alert: CFRA Keeps Buy Opinion On Shares Of Costar Group, Inc.
Apr 29, 2026 12:37 PM

03:30 PM EDT, 04/29/2026 (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 $10 to $43, valuing shares at 30.9x our 2026 non-GAAP EPS estimate vs. the one-year average multiple of 64.9x. We increase our 2026 adjusted EPS estimate by $0.12 to $1.39 and leave 2027 unchanged at $1.86. Homes.com platform revenue grew to $26M (+58% Y/Y) as it added 4,300 new members with an internal analysis revealing the average subscriber earned $36K more in commissions in their first year (an 11x ROI for agents). We believe this value proposition will drive additional agent subscriber growth with CSGP already planning to raise subscription prices later this year. One notable weakness was bookings growth slowing Q/Q to 20% Y/Y, but international bookings were up 44% Y/Y from a much smaller base. We anticipate bookings will accelerate Q/Q, with Q1 being a weaker quarter due to seasonality. We now expect the activist hedge funds to be supportive of CSGP with the Homes.com outlook improving and management reducing planned marketing spend.

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