Goldman Sees 26% Upside for Costco After Q4 Beat, Cuts PT to $1,134
COST is trading near its 52-week low of $844.06 (5.8% above the low).
Summary
Costco's Q4 earnings beat was already reported, but Goldman Sachs' fresh note adds new color: the bank lowered its price target to $1,134 from $1,159, still implying 26% upside from Thursday's close. Analyst Kate McShane highlights tariff refunds being reinvested in prices and the company's appeal to younger members. Costco also plans to open 28 net new warehouses in fiscal 2027, mostly in underserved areas. JPMorgan, Bank of America, and Morgan Stanley all reiterated buy-equivalent ratings. The stock has fallen 5% over the past year on fuel cost and e-commerce competition concerns, so this analyst support could shift sentiment.
At the time of this announcement, COST was trading at $892.81 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $397.6B. The 52-week trading range was $844.06 to $1,096.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: CNBC TV18.