Costco Wholesale (COST) Stock Forecast & Price Target

$953.20 -10.81 (-1.12%)

(As of 07:15 PM ET)

Costco Wholesale - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 27 Analyst Ratings

Sell
0

Hold
9

Buy
18

Based on 27 Wall Street analysts who have issued ratings for Costco Wholesale in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 27 analysts, 9 have given a hold rating, and 18 have given a buy rating for COST.

Consensus Price Target

$908.81
-4.66% Downside

According to the 27 analysts' twelve-month price targets for Costco Wholesale, the average price target is $908.81. The highest price target for COST is $1,075.00, while the lowest price target for COST is $620.00. The average price target represents a forecasted downside of -4.66% from the current price of $953.20.

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COST Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	18 Buy rating(s)	19 Buy rating(s)	19 Buy rating(s)	20 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$908.81	$894.57	$824.50	$586.43
Forecasted Upside	-4.66% Downside	0.38% Upside	-9.29% Downside	-0.83% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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COST Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

COST Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Costco Wholesale Stock vs. The Competition

Type	Costco Wholesale	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.67	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	-5.73% Downside	25.99% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent COST News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/18/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$980.00 ➝ $1,075.00	+16.48%
11/4/2024	Telsey Advisory Group 2 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$1,000.00 ➝ $1,000.00	+13.98%
10/22/2024	Sanford C. Bernstein 3 of 5 stars	Z. Ma Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$1,016.00	+14.57%
10/17/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$1,065.00	+20.07%
10/10/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$880.00 ➝ $880.00	-1.69%
10/10/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$925.00 ➝ $935.00	+2.85%
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10/10/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$985.00 ➝ $990.00	+8.90%
10/10/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$955.00 ➝ $980.00	+7.80%
9/30/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$925.00 ➝ $975.00	+9.00%
9/27/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$676.00 ➝ $755.00	-14.78%
9/27/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$800.00 ➝ $850.00	-4.24%
9/27/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$876.00 ➝ $995.00	+12.10%
9/27/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$830.00 ➝ $850.00	-3.85%
9/27/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$975.00 ➝ $1,005.00	+11.49%
9/24/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Ciccarelli Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$873.00 ➝ $873.00	-4.81%
9/23/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$950.00	+3.73%
9/10/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Nedialkova Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$860.00 ➝ $890.00	-0.72%
9/9/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$855.00 ➝ $950.00	+8.36%
8/8/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$925.00 ➝ $927.00	+10.47%
8/8/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Grom Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Accumulate ➝ Buy	$925.00	+14.16%
7/11/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$850.00 ➝ $975.00	+10.26%
7/11/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$874.00 ➝ $962.00	+8.79%
5/31/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$710.00 ➝ $800.00	-1.18%
5/28/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$805.00 ➝ $900.00	+11.35%
12/20/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$620.00	-8.52%
12/15/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$640.00 ➝ $725.00	+10.55%
12/15/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$580.00 ➝ $670.00	+2.82%
11/2/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$620.00 ➝ $605.00	+8.82%
9/22/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$600.00	+8.09%
8/2/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$610.00 ➝ $640.00	+15.45%
6/29/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
4/12/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
3/10/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Kirk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral
1/23/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$650.00 ➝ $600.00	+24.97%
12/20/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$550.00 ➝ $520.00	+13.42%
12/9/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$512.00 ➝ $484.00	+1.30%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 01:40 PM ET.

Should I Buy Costco Wholesale Stock? COST Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Costco Wholesale pros and cons to contact@marketbeat.com.

Costco Wholesale
Bull Case

Here are some ways that investors could benefit from investing in Costco:

Costco's stock is currently priced at $925.68, reflecting a strong market position and investor confidence.
Recent analyst upgrades have set a consensus price target of $908.81, indicating potential for growth and a "Moderate Buy" rating from multiple analysts.
The company has demonstrated resilience with a market capitalization of approximately $410 billion, showcasing its stability and ability to attract investment.
Costco has a low debt-to-equity ratio of 0.25, suggesting a conservative approach to financing that minimizes risk for investors.
Insider trading activity shows executives selling shares, which can indicate confidence in the company's future performance, as they may be reallocating their investments rather than signaling a lack of faith in the company.

Costco Wholesale
Bear Case

Investors should be bearish about investing in Costco for these reasons:

Despite a strong market presence, Costco's stock has seen fluctuations, including a recent 0.5% decline, which may raise concerns about short-term volatility.
The company's price-to-earnings (P/E) ratio is relatively high at 55.37, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
Insider ownership is low at 0.18%, which may indicate a lack of alignment between management and shareholder interests, potentially leading to decisions that do not prioritize shareholder value.
Analysts have mixed ratings, with some downgrading from "buy" to "hold," which could signal uncertainty about future performance and market conditions.
Costco's current ratio of 0.97 is below 1, indicating that the company may have difficulty meeting its short-term liabilities, which could pose risks in times of financial strain.

COST Forecast - Frequently Asked Questions

: According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Costco Wholesale is $908.81, with a high forecast of $1,075.00 and a low forecast of $620.00.
: 27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Costco Wholesale in the last twelve months. There are currently 9 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" COST shares.
: According to analysts, Costco Wholesale's stock has a predicted downside of -4.66% based on their 12-month stock forecasts.
: Over the previous 90 days, Costco Wholesale's stock had 2 downgrades by analysts.
: Costco Wholesale has been rated by research analysts at Barclays, BMO Capital Markets, DA Davidson, Evercore ISI, Loop Capital, Melius Research, Morgan Stanley, Oppenheimer, Redburn Atlantic, Roth Mkm, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, The Goldman Sachs Group, Tigress Financial, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Costco Wholesale more than other "retail/wholesale" companies. The consensus rating score for Costco Wholesale is 2.67 while the average consensus rating score for "retail/wholesale" companies is 2.51. Learn more on how COST compares to other companies.

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This page (NASDAQ:COST) was last updated on 11/25/2024 by MarketBeat.com Staff

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Costco Wholesale (COST) Stock Forecast & Price Target