Costco Wholesale (COST) Stock Forecast & Price Target

$889.56

+4.27 (+0.48%)

(As of 10/18/2024 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

$890.07
0.06% Upside

According to the 27 analysts' twelve-month price targets for Costco Wholesale, the average price target is $890.07. The highest price target for COST is $1,065.00, while the lowest price target for COST is $605.00. The average price target represents a forecasted upside of 0.06% from the current price of $889.56.

COST Analyst Ratings Over Time

Type	Current Forecast 10/21/23 to 10/20/24	1 Month Ago 9/21/23 to 9/20/24	3 Months Ago 7/23/23 to 7/22/24	1 Year Ago 10/21/22 to 10/21/23
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)	20 Buy rating(s)	20 Buy rating(s)
Hold	9 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$890.07	$844.52	$799.33	$586.25
Forecasted Upside	0.06% Upside	-6.89% Downside	-5.67% Downside	6.03% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

Ex WH Advisor Who Predicted Biden Leaving Race Makes Startling New Prediction (Ad)

Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.

Click here to see it because it’s a SHOCKER…

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	2.50	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	0.06% Upside	35.59% Upside	6.16% Upside
News Sentiment Rating	Neutral 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
10/17/2024	Tigress Financial 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$1,065.00	+20.07%
10/10/2024	Telsey Advisory Group 2 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$1,000.00 ➝ $1,000.00	+11.71%
10/10/2024	DA Davidson 3 of 5 stars		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%
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%
Watch this before it gets removed (Ad) If you missed it, my emergency election broadcast is now available - but will be removed on Monday at midnight. Click here to watch it now.
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	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$950.00 ➝ $980.00	+11.79%
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%
12/6/2022	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$586.00	+19.92%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:47 AM 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 Sunday, October 13, 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 price has been steadily increasing, reaching $909.10 on the latest trading day, indicating positive momentum.
Insider activity shows confidence in the company, with executives like Claudine Adamo and Daniel M. Hines purchasing and holding significant shares.
Analysts have given Costco a "Moderate Buy" rating with an average target price of $883.04, suggesting potential for growth.
Costco's market capitalization of $403.04 billion reflects its strong position in the market and stability as a large-cap company.
Recent insider sales, while significant, have not impacted the overall ownership percentage significantly, indicating a healthy balance.

Costco Wholesale
Bear Case

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

Costco's P/E ratio of 55.83 and P/E/G ratio of 5.34 suggest that the stock may be overvalued compared to its growth prospects.
The company's debt-to-equity ratio of 0.27 may raise concerns about its financial leverage and ability to manage debt effectively.
While insiders have shown confidence through purchases, the significant insider sales in recent months could raise questions about future performance.
Costco's 50-day moving average of $874.10 is below the current stock price, indicating potential short-term volatility or correction.
The company's quick ratio of 0.45 may indicate potential liquidity challenges in meeting short-term obligations.

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 $890.07, with a high forecast of $1,065.00 and a low forecast of $605.00.
: 27 Wall Street 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 research analysts is that investors should "moderate buy" COST shares.
: According to analysts, Costco Wholesale's stock has a predicted upside of 0.06% based on their 12-month stock forecasts.
: Over the previous 90 days, Costco Wholesale's stock had 2 downgrades and 1 upgrade by analysts.
: Costco Wholesale has been rated by research analysts at Barclays, BMO Capital Markets, DA Davidson, Deutsche Bank Aktiengesellschaft, Evercore ISI, Gordon Haskett, Loop Capital, Melius Research, Morgan Stanley, Oppenheimer, Redburn Atlantic, Roth Mkm, 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 for Costco Wholesale is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how COST compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

3 Dirt-Cheap Stocks You Can’t Afford to Ignore (Ad)

Often, investors will overlook stocks just because they're cheap. It's a common thought that a cheap price tag means that something must be wrong with the company. But this couldn't be further from the case in many instances.

Get your FREE look at these THREE companies right here.

This page (NASDAQ:COST) was last updated on 10/20/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

Get Started with MarketBeat

	Read Your Daily Newsletter
	Check Out My MarketBeat
	Watch Our Tutorial Videos
	Add a Stock to Your Watchlist
	Set Up an Instant Alert
	View a Company's Profile Page
	View Our Financial Calendars
	View Today's Analyst Ratings

Costco Wholesale (COST) Stock Forecast & Price Target