Top U.S. Defense Stocks to Watch According to Jefferies Analysis
Investing.com - BTIG initiated coverage on Costco Wholesale (NASDAQ:COST) with a Buy rating and a $1,115 price target on Tuesday. The retail giant, currently trading at $946.51 with a market cap of $419 billion, has maintained strong financial health, earning a "GOOD" rating according to InvestingPro metrics.
The research firm cited Costco’s significant customer loyalty as a key factor that will continue to drive traffic and sales growth for the warehouse retailer.
BTIG believes Costco is positioned to gain market share in the retail industry while benefiting from healthy membership renewal rates and its value proposition.
The firm established fiscal year 2026 earnings per share estimates of $20.20 and fiscal year 2027 estimates of $22.30 for Costco.
BTIG suggested the recent pullback in Costco shares presents a buying opportunity for investors.
In other recent news, Costco Wholesale reported impressive net sales of $26.58 billion for September, marking an 8.0% increase from the previous year. The company’s total comparable sales grew by 5.7%, exceeding analyst expectations of 4.6%. Despite these strong figures, UBS reiterated its Buy rating on Costco, setting a price target of $1,205, while acknowledging a challenging year-over-year sales comparison due to external factors like Hurricane Helene and anticipated port strikes. Meanwhile, DA Davidson maintained a Neutral rating with a $1,000 price target, noting a slowdown in comparable sales growth to 5.7% from August’s 6.3%. Similarly, Mizuho adjusted its price target for Costco to $950 from $975, maintaining a Neutral rating, after observing a deceleration in U.S. comparable sales growth to 5.0% for the period ending October 5. These developments come as Costco’s performance was bolstered by increased foot traffic and higher spending per customer, which helped the company surpass sales estimates.
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