CoStar's Outlook

Rich Simonelli, the Head of Investor Relations (IR) of CoStar, wrote only two sentences in his “About” section on LinkedIn. The first sentence reads the following:

“I maximize shareholder value.”

Since becoming Head of CoStar IR in August 2024, this is how CoStar performed:

Hmm, not quite my tempo. In fact, the stock has been flat from July 2019!

Understandably, CoStar management has been under the scanner these days. The company issued a press release yesterday providing both 2026 and a medium term outlook for the business which I will discuss behind the paywall.

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