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Costco Wholesale (COST) Stock Forecast & Price Target

$830.82
-21.29 (-2.50%)
(As of 07/24/2024 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

Based on 27 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 27 analysts, 7 have given a hold rating, and 20 have given a buy rating for COST.

Consensus Price Target

$799.33
-3.79% Downside
High Forecast$975.00
Average Forecast$799.33
Low Forecast$585.00

According to the 27 analysts' twelve-month price targets for Costco Wholesale, the average price target is $799.33. The highest price target for COST is $975.00, while the lowest price target for COST is $585.00. The average price target represents a forecasted downside of -3.79% from the current price of $830.82.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
20 Buy rating(s)
19 Buy rating(s)
18 Buy rating(s)
15 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$799.33$752.96$694.48$552.52
Forecasted Upside-3.79% Downside4.71% Upside5.50% Upside11.48% Upside
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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
2.74
2.45
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside-3.77% Downside59.96% Upside10.06% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024TD Cowen
4 of 5 stars
 Boost TargetBuy ➝ Buy$850.00 ➝ $925.00+9.26%
7/11/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$775.00 ➝ $800.00-5.88%
7/11/2024Barclays
2 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$765.00 ➝ $830.00-2.48%
7/11/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$890.00 ➝ $920.00+8.10%
7/11/2024Loop Capital
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 Boost TargetBuy ➝ Buy$940.00 ➝ $970.00+13.17%
7/11/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$900.00 ➝ $950.00+8.53%
7/11/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$905.00 ➝ $950.00+7.43%
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%
7/8/2024Telsey Advisory Group
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 Reiterated RatingOutperform ➝ Outperform$900.00 ➝ $900.00+1.62%
6/25/2024Tigress Financial
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 Boost TargetBuy ➝ Buy$870.00 ➝ $975.00+14.55%
5/31/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$710.00 ➝ $800.00-1.18%
5/31/2024BMO Capital Markets
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 Reiterated RatingOutperform ➝ Outperform$800.00 ➝ $875.00+9.91%
5/31/2024Roth Mkm
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 Reiterated RatingNeutral ➝ Neutral$650.00 ➝ $676.00-15.25%
5/31/2024Truist Financial
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 Boost TargetBuy ➝ Buy$815.00 ➝ $873.00+9.64%
5/28/2024Argus
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 Boost TargetBuy ➝ Buy$805.00 ➝ $900.00+11.35%
4/11/2024DA Davidson
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 Reiterated RatingNeutral ➝ Neutral$680.00-6.52%
4/3/2024Gordon Haskett
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 DowngradeBuy ➝ Accumulate$775.00+8.96%
2/8/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$665.00 ➝ $749.00+3.15%
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%
9/27/2023Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$535.00 ➝ $585.00+5.79%
9/27/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetBuy ➝ Buy$651.00 ➝ $652.00+17.91%
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%
12/6/2022Sanford C. Bernstein
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 Initiated CoverageOutperform$586.00+19.92%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:28 PM ET.

COST Forecast - Frequently Asked Questions

What is Costco Wholesale's forecast for 2024?

According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Costco Wholesale is $799.33, with a high forecast of $975.00 and a low forecast of $585.00.

Should I buy or sell Costco Wholesale stock right now?

27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Costco Wholesale in the last twelve months. There are currently 7 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" COST shares.

Does Costco Wholesale's stock price have much upside?

According to analysts, Costco Wholesale's stock has a predicted upside of 5.53% based on their 12-month stock forecasts.

What analysts cover Costco Wholesale?
Do Wall Street analysts like Costco Wholesale more than its competitors?

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 7/24/2024 by MarketBeat.com Staff

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