TD Cowen Reaffirms Costco's 'Buy' Rating, Target Price of $1175
Businessinsider
1h ago
Ai Focus
Analyst Oliver Chen reiterated a "buy" rating on Costco on September 25th, setting a target price of $1,175. TipRanks data shows that the current overall rating for Costco by analysts is "moderate buy," with an average target price of $1,083.43. According to the latest financial report for the quarter ending August 30th from Costco, the company's quarterly revenue was $95.72 billion, and net profit was $3 billion.
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Analyst Oliver Chen reiterated the "buy" rating for Costco on September 25th, setting a target price of $1,175.00. The company's stock closed at $922.77 last Friday.

According to the data from TipRanks, Chen is a 3-star analyst with an average return rate of 2.2% and a success rate of 48.39%. Chen covers the non-essential consumer goods sector, with a focus on stocks including Capri Holdings, LuxExperience, and Ermenegildo Zegna.

Currently, analysts have given Costco an overall consistent rating of "moderate buy," with an average target price of $1,083.43, which indicates a potential upside of 17.41% from the current level. In a report released on September 25th, Mizuho Securities also maintained a "buy" rating for the stock, with a target price of $1,065.00.

According to the latest financial report for the quarter as of August 30th, as indicated by Costco, the company's revenue for that quarter was 95.72 billion US dollars, with a net profit of 3 billion US dollars. In contrast, the revenue for the same period last year was 86.16 billion US dollars, and the net profit was 2.61 billion US dollars.

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