Analyst revises Costco's stock price target in anticipation of earnings report.

Reported 10 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

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