Reported 5 months ago
Ahead of Costco's earnings report, TheStreetAnalyst updated the stock price target, with Loop Capital raising it to $840 from $820 and Bank of American Securities stating that Costco remains well-positioned despite slight reductions in comp estimates due to inflation. The company's recent strong financial performance includes a 7.1% rise in April sales to $19.8 billion, with a 15% growth in e-commerce business. Analysts expect Costco to report earnings of $3.67 per share for the third fiscal quarter, with Oppenheimer raising the price target to $850 from $805.
Source: YAHOO