Reported 9 days ago
Analysts have raised their stock price targets for Costco as the company showcases resilience with increasing customer memberships and spending, particularly in non-food items, amid a recovering U.S. economy. Recent earnings reports reflect strong sales performance, although revenue narrowly missed estimates, indicating continued investor confidence in Costco's growth potential. The company is experiencing a surge in younger customers, contributing to a significant rise in annual membership fees.
Source: YAHOO