Costco Wholesale (COST) Stock Forecast & Price Target

$878.53

+1.15 (+0.13%)

(As of 05:43 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

$883.04
0.51% Upside

According to the 27 analysts' twelve-month price targets for Costco Wholesale, the average price target is $883.04. The highest price target for COST is $1,005.00, while the lowest price target for COST is $605.00. The average price target represents a forecasted upside of 0.51% from the current price of $878.53.

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COST Analyst Ratings Over Time

Type	Current Forecast 10/3/23 to 10/2/24	1 Month Ago 9/3/23 to 9/2/24	3 Months Ago 7/5/23 to 7/4/24	1 Year Ago 10/3/22 to 10/3/23
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)	7 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	$883.04	$824.50	$758.70	$580.93
Forecasted Upside	0.51% Upside	-7.61% Downside	-12.05% Downside	2.81% Upside
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	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	0.82% Upside	39.56% Upside	6.95% 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
9/30/2024	TD Cowen 4 of 5 stars		Boost Target	Buy ➝ Buy	$925.00 ➝ $975.00	+9.00%
9/27/2024	DA Davidson 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$780.00 ➝ $880.00	-0.67%
9/27/2024	Roth Mkm 1 of 5 stars		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%
Get the Latest News and Ratings for COST and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Costco Wholesale and its competitors with MarketBeat's FREE daily newsletter.
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	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$915.00 ➝ $925.00	+2.61%
9/27/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$925.00 ➝ $1,000.00	+10.93%
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%
9/6/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$925.00 ➝ $955.00	+7.79%
9/6/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$915.00 ➝ $925.00	+4.40%
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%
6/25/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$870.00 ➝ $975.00	+14.55%
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 Wednesday at 06:21 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 Sunday, September 29, 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 is currently at $885.62, showing stability and potential for growth in the future.
Costco reported earnings per share (EPS) of $5.15 for the latest quarter, surpassing analysts' estimates by $0.10, indicating strong financial performance.
Analysts have given Costco a consensus rating of "Moderate Buy" with a target price of $881.19, suggesting positive sentiment towards the stock.
Costco's market capitalization stands at $392.63 billion, reflecting its position as a major player in the retail industry.
Costco has a low debt-to-equity ratio of 0.27, indicating a healthy balance sheet and financial stability.

Costco Wholesale
Bear Case

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

Roth Mkm recently lowered Costco's price target from $676.00 to $755.00, suggesting a potential downside in the stock's value.
Truist Financial downgraded Costco from a "buy" rating to a "hold" rating, signaling a shift in analyst sentiment towards the stock.
Costco's P/E ratio of 54.89 and PEG ratio of 5.57 may indicate that the stock is currently overvalued compared to its growth prospects.
Costco's beta of 0.80 implies that the stock is less volatile compared to the market, potentially limiting short-term trading opportunities.
Costco's quick ratio of 0.45 and current ratio of 0.94 may raise concerns about its liquidity position and ability to meet 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 $883.04, with a high forecast of $1,005.00 and a low forecast of $605.00.
: 27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Costco Wholesale in the last year. There are currently 9 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" COST shares.
: According to analysts, Costco Wholesale's stock has a predicted upside of 0.51% 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 Bank of America, Barclays, BMO Capital Markets, DA Davidson, Deutsche Bank Aktiengesellschaft, Evercore ISI, Gordon Haskett, Loop Capital, Melius Research, Morgan Stanley, Oppenheimer, Redburn Atlantic, Robert W. Baird, Roth Mkm, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, The Goldman Sachs Group, 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 2.50. Learn more on how COST compares to other companies.

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This page (NASDAQ:COST) was last updated on 10/2/2024 by MarketBeat.com Staff

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