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Costco Wholesale (COST) Stock Forecast & Price Target

Costco Wholesale logo
$874.18
-4.91 (-0.56%)
(As of 10/31/2024 ET)

Costco Wholesale - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
9
Buy
19

Based on 28 Wall Street analysts who have issued ratings for Costco Wholesale in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 28 analysts, 9 have given a hold rating, and 19 have given a buy rating for COST.

Consensus Price Target

$894.57
2.33% Upside
According to the 28 analysts' twelve-month price targets for Costco Wholesale, the average price target is $894.57. The highest price target for COST is $1,065.00, while the lowest price target for COST is $605.00. The average price target represents a forecasted upside of 2.33% from the current price of $874.18.
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COST Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
19 Buy rating(s)
18 Buy rating(s)
20 Buy rating(s)
20 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$894.57$883.04$799.33$586.25
Forecasted Upside2.33% Upside0.64% Upside-2.77% Downside5.29% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

COST Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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COST Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Costco Wholesale Stock vs. The Competition

TypeCostco WholesaleRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.68
2.50
2.50
Consensus RatingModerate BuyHoldHold
Predicted Upside2.49% Upside38.32% Upside9.97% Upside
News Sentiment Rating
Positive News

See Recent COST News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/22/2024Sanford C. Bernstein
3 of 5 stars
Z. Ma
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Initiated CoverageOutperform$1,016.00+14.57%
10/17/2024Tigress Financial
2 of 5 stars
 Reiterated RatingBuy ➝ Buy$1,065.00+20.07%
10/10/2024Telsey Advisory Group
2 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$1,000.00 ➝ $1,000.00+11.71%
10/10/2024DA Davidson
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 Reiterated RatingNeutral ➝ Neutral$880.00 ➝ $880.00-1.69%
10/10/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$925.00 ➝ $935.00+2.85%
10/10/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$985.00 ➝ $990.00+8.90%
10/10/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$955.00 ➝ $980.00+7.80%
9/30/2024TD Cowen
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 Boost TargetBuy ➝ Buy$925.00 ➝ $975.00+9.00%
9/27/2024Roth Mkm
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 Boost TargetNeutral ➝ Neutral$676.00 ➝ $755.00-14.78%
9/27/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$800.00 ➝ $850.00-4.24%
9/27/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$876.00 ➝ $995.00+12.10%
9/27/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$830.00 ➝ $850.00-3.85%
9/27/2024BMO Capital Markets
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 Reiterated RatingOutperform ➝ Outperform$950.00 ➝ $980.00+11.79%
9/27/2024Loop Capital
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 Boost TargetBuy ➝ Buy$975.00 ➝ $1,005.00+11.49%
9/24/2024Truist Financial
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S. Ciccarelli
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DowngradeBuy ➝ Hold$873.00 ➝ $873.00-4.81%
9/23/2024Melius Research
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K. Short
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Initiated CoverageHold$950.00+3.73%
9/10/2024Redburn Atlantic
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D. Nedialkova
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DowngradeBuy ➝ Neutral$860.00 ➝ $890.00-0.72%
9/9/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$855.00 ➝ $950.00+8.36%
8/8/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$925.00 ➝ $927.00+10.47%
8/8/2024Gordon Haskett
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C. Grom
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UpgradeAccumulate ➝ Buy$925.00+14.16%
7/11/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$850.00 ➝ $975.00+10.26%
7/11/2024Bank of America
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 Boost TargetBuy ➝ Buy$874.00 ➝ $962.00+8.79%
5/31/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$710.00 ➝ $800.00-1.18%
5/28/2024Argus
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 Boost TargetBuy ➝ Buy$805.00 ➝ $900.00+11.35%
12/20/2023Northcoast Research
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 DowngradeBuy ➝ Neutral$620.00-8.52%
12/15/2023UBS Group
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 Boost TargetBuy ➝ Buy$640.00 ➝ $725.00+10.55%
12/15/2023Raymond James
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 Boost TargetOutperform ➝ Outperform$580.00 ➝ $670.00+2.82%
11/2/2023JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$620.00 ➝ $605.00+8.82%
9/22/2023HSBC
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 Initiated CoverageHold$600.00+8.09%
8/2/2023Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$610.00 ➝ $640.00+15.45%
6/29/2023VNET Group
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 Reiterated RatingReiterates
4/12/2023William Blair
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 Initiated CoverageOutperform
3/10/2023Roth Capital
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W. Kirk
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Reiterated RatingNeutral
1/23/2023Cowen
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 Lower TargetOutperform$650.00 ➝ $600.00+24.97%
12/20/2022Credit Suisse Group
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 Reiterated RatingNeutral$550.00 ➝ $520.00+13.42%
12/9/2022MKM Partners
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 Lower Target$512.00 ➝ $484.00+1.30%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:05 PM ET.


Should I Buy Costco Wholesale Stock? COST Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, October 23, 2024. Please send any questions or comments about these Costco Wholesale pros and cons to contact@marketbeat.com.

Costco Wholesale
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Costco:

  • Costco's stock price has been steadily increasing, reaching $909.10 on the latest trading day, indicating positive momentum.
  • Insider activity shows confidence in the company, with executives like Claudine Adamo and Daniel M. Hines purchasing and holding significant shares.
  • Analysts have given Costco a "Moderate Buy" rating with an average target price of $883.04, suggesting potential for growth.
  • Costco's market capitalization of $403.04 billion reflects its strong position in the market and stability as a large-cap company.
  • Recent insider sales, while significant, have not impacted the overall ownership percentage significantly, indicating a healthy balance.

Costco Wholesale
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Costco for these reasons:

  • Costco's P/E ratio of 55.83 and P/E/G ratio of 5.34 suggest that the stock may be overvalued compared to its growth prospects.
  • The company's debt-to-equity ratio of 0.27 may raise concerns about its financial leverage and ability to manage debt effectively.
  • While insiders have shown confidence through purchases, the significant insider sales in recent months could raise questions about future performance.
  • Costco's 50-day moving average of $874.10 is below the current stock price, indicating potential short-term volatility or correction.
  • The company's quick ratio of 0.45 may indicate potential liquidity challenges in meeting short-term obligations.

COST Forecast - Frequently Asked Questions

According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Costco Wholesale is $894.57, with a high forecast of $1,065.00 and a low forecast of $605.00.

28 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Costco Wholesale in the last twelve months. There are currently 9 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" COST shares.

According to analysts, Costco Wholesale's stock has a predicted upside of 2.33% based on their 12-month stock forecasts.

Over the previous 90 days, Costco Wholesale's stock had 2 downgrades and 1 upgrade by analysts.

Analysts like Costco Wholesale more than other "retail/wholesale" companies. The consensus rating for Costco Wholesale is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how COST compares to other companies.


This page (NASDAQ:COST) was last updated on 10/31/2024 by MarketBeat.com Staff
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