As of May 26, 2023, UBS analyst Michael Lasser maintains a Buy rating on Costco Wholesale (NASDAQ:COST) but has lowered the price target from $575 to $560. Despite this adjustment, Costco Wholesale still has an average rating of Outperform and price targets ranging from $475 to $635, according to analysts polled by Capital IQ. The current stock price for Costco Wholesale Corporation (COST) is not disclosed. However, as of January 1, 2018, it was $481.82. The company’s shares outstanding are 443.48M, and the EPS (ttm) is 13.61. Lasser believes that Costco still has room to appreciate and reiterated a Buy rating and $595 price target on Costco shares in a previous statement. In April 2023, Lasser also mentioned that Costco’s membership fees may go up in the coming months.
Costco Wholesale Corporation (COST) Stock Analysis: Market Capitalization and Earnings Growth
On May 26, 2023, Costco Wholesale Corporation (COST) opened at $485.25 with a day’s range of $484.39 to $496.26 and a trading volume of 106,390. Costco’s market capitalization on May 26, 2023, was $220.2 billion. The company’s earnings growth for the last year and this year were +16.57% and +9.65%, respectively, and the earnings growth expected for the next five years is +8.00%. The company’s revenue growth for the last year was +15.83%. The price-to-earnings (P/E) ratio for COST stock was 36.4, which is higher than the industry average. Costco’s last reporting date was not provided, but the company’s EPS forecast for the current quarter was $4.73. The company operates in the retail trade sector and specializes in the sale of merchandise, primarily through its warehouse club operations.
Costco Wholesale Corps 12-Month Price Forecast: Analysts Predict Median Target of $545 in 2023
On May 26, 2023, the 29 analysts offering 12-month price forecasts for Costco Wholesale Corp had a median target of 545.00, with a high estimate of 610.00 and a low estimate of 465.00.
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