$CSGP

The S&P 500 is near record highs, but only half of its components are above their 200-day averages, down from 70% in midsummer. New 52-week lows outnumber new highs, signaling potential vulnerability. CoStar Group, Boston Scientific, and Intuit have each lost over 50% in 2026. The rally depends on strength in large-cap stocks. Investors should monitor market breadth and macroeconomic data for signs of a healthier rally.

CoStar Group (CSGP) reported 18.44% revenue growth in Q2 2026, down from 26.89% in Q4 2025, marking two consecutive quarters of deceleration. Management cut full-year revenue guidance but raised adjusted EBITDA guidance by $30 million. Net new bookings fell 26% year over year, attributed to strategic decisions in Ten-X, Homes.com, and Apartments.com. GAAP EBITDA showed significant volatility, contrasting with smoother adjusted figures.

CoStar Group (CSGP) has underperformed the S&P 500 and rival CBRE Group (CBRE) over the past year. Despite a 30% decline, analysts maintain a 'Moderate Buy' rating with an average price target of $36.21, suggesting 18.9% upside potential.

CoStar Group (NASDAQ: CSGP) appointed Felix Kusch as President of Homes.com. Kusch previously led real estate portals in Europe. Homes.com reported a 66% revenue increase to $28.5M YoY, with the residential segment turning profitable, generating $12M in adjusted EBITDA in Q2 2026.

CoStar Group forecasts Canada's office vacancy rate to decline to 8.7% by 2028, with higher-end assets outperforming. Vacancy peaked at 10.4% in Q2 2025, falling to 9.8% in Q2 2026. Rent growth for premium assets is expected to reach 4%, compared to 2% for others. The decline is driven by limited new construction, not increased demand. CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate data and analytics.

Canada's retail vacancy rate is expected to remain near 2.5% as the sector recovers from Hudson’s Bay store closures, according to CoStar Group. Vacancy spiked to 8% in Q2 2025, with net absorption at -5M sq ft. Rent growth is slowing, projected to reach 0% by Q2 2027 before rebounding to 3% by 2028. CoStar Group (CSGP) is a global real estate data and analytics provider.

CoStar Group Inc. (CSGP) shares declined 2.43% to $30.91 on Friday, underperforming the broader market. The S&P 500 and Dow Jones fell 0.38% and 0.51%, respectively. The stock is 66.36% below its 52-week high of $91.89.

RBC increased its price target on CoStar Group to $34 from $31, maintaining a Sector Perform rating. The stock has a 5-day change of +1.34% and a year-to-date change of +1.08%. BMO Capital also recently adjusted its price target on CoStar to $33 from $31.

CoStar (CSGP) reported Q2 revenue of $925M, up 18.4% YoY, with guidance missing expectations. Fair Isaac (FICO) reported $674.2M, up 25.7%, missing estimates. TransUnion (TRU) reported $1.31B, up 14.9%, beating expectations. CSGP is up 6.4%, FICO down 19.7%, TRU up 8.3% since reporting.

CoStar Group forecasts Canada's multifamily vacancy rate to decline in late 2027, with low-end units at 3% and high-end at 15%. Affordable units are in short supply, while luxury units are abundant. Net absorption is expected to rise by late 2026, driven by pent-up demand and declining rents. Risks include trade uncertainty and population decline. CoStar Group (CSGP) is a global provider of real estate marketplaces and analytics.