J.P. Morgan analyst Christopher Horvers maintains $Costco (COST.US)$ with a buy rating, and adjusts the target price from $945 to $1,090.
According to TipRanks data, the analyst has a success rate of 64.2% and a total average return of 8.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Costco (COST.US)$'s main analysts recently are as follows:
Costco's reported November comp growth was 4.3% for the U.S. excluding gas, and 4.9% for the total company excluding gas and forex impacts. The timing of Thanksgiving, Black Friday, and Cyber Monday, which occurred a week later this year compared to last, was observed to have a negative impact on e-commerce sales, reducing total and comparable sales by approximately 1.5%.
Costco's total and U.S. core comparable sales growth for November recorded at 4.9% and 4.3% respectively. This growth was influenced by this year's Thanksgiving/Black Friday/Cyber Monday occurring a week later, which impacted total and comparable sales by 1.5%. Following these reports, estimates were updated in anticipation of the fiscal Q1 results.
Despite challenges from foreign exchange fluctuations and a shift in the Thanksgiving calendar, November sales results for the company were described as "solid". Although there were slight reductions in comparable and net sales estimates to align with reported results, the ongoing momentum in the company's business was highlighted.
Note:
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