CoStar Group price target lowered to $85 from $90 at Citizens JMP

Citizens JMP lowered the firm’s price target on CoStar Group (CSGP) to $85 from $90 and keeps an Outperform rating on the shares. CoStar Group reported solid Q4 results, with both revenue and adjusted EBITDA finishing above consensus estimates, but top- and bottom-line guidance for 1Q25 and the full-year 2025 came in softer than expected, the analyst tells investors in a research note. The firm’s thesis remains that CoStar’s hiring efforts should bolster revenue growth in its core businesses, while its Residential business creates an overly punitive drag on the share price.