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Analysts get more bullish on Costco as it helps consumers fight inflation, shows e-commerce improvement

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Wall Street saw a lot to like in Costco's recent earnings report.

Wall Street saw a lot to like in Costco 's earnings report last Thursday, as customers flocked to the warehouse club's stores and its website. Costco's earnings per share for its fiscal third quarter came in at $3.78, topping the $3.70 expected from analysts polled by LSEG. Revenue was $58.52 billion, versus the $58.07 billion consensus estimate.

mountain Costco's one-year performance Analyst Robert Ohmes reiterated his buy rating and increased his price target to $874 from $865, suggesting nearly 8% upside from Friday's close. "We … expect COST to gain share in the current environment as consumers continue to adjust to higher prices, making COST's value proposition more attractive," he said.

 

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