On Dec 06, major Wall Street analysts update their ratings for $Costco (COST.US)$, with price targets ranging from $1,000 to $1,145.
Jefferies analyst Corey Tarlowe maintains with a buy rating, and adjusts the target price from $1,050 to $1,145.
Evercore analyst Greg Melich maintains with a buy rating, and adjusts the target price from $985 to $1,010.
Stifel analyst Mark Astrachan maintains with a buy rating, and adjusts the target price from $935 to $1,000.
Truist Financial analyst Scot Ciccarelli maintains with a hold rating.
Telsey Advisory analyst Joe Feldman maintains with a buy rating, and adjusts the target price from $1,000 to $1,050.
Furthermore, according to the comprehensive report, the opinions of $Costco (COST.US)$'s main analysts recently are as follows:
Costco's comparable growth in the U.S. reached 4.3% excluding gas and 4.9% for the total company when excluding gas and forex effects. E-commerce sales for November encountered a dip as Thanksgiving, Black Friday, and Cyber Monday events took place a week later than the previous year, influencing both total and comparable sales by about 1.5%.
Costco reported an overall and U.S. core comparable growth in November of 4.9% and 4.3%, respectively. The later timing of Thanksgiving, Black Friday, and Cyber Monday this year negatively influenced total and comparable sales by 1.5%. The monthly report led to updated estimates ahead of the fiscal Q1 results.
Despite challenges from foreign exchange headwinds and alterations in the Thanksgiving calendar, Costco's November sales results were described as 'solid.' While there were slight reductions in comparative and net sales estimates to align with reported results, the continued momentum in the business was acknowledged.
Costco's 'normalized' core comps sustained a healthy 6.4% rate, while maintaining a stable two-year stacked growth rate consistent with October figures. Despite a negative calendar shift impacting e-commerce, the company continued to show solid growth across core categories and regions, all registering mid-single digit increases or higher.
Here are the latest investment ratings and price targets for $Costco (COST.US)$ from 6 analysts:
Note:
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