Costco (COST) Stock Could Hit $600: Analyst

By Amit Chowdhry ● Dec 5, 2022
  • The shares of Costco (COST) could potentially hit $600 according to analysts at BofA. These are the details.

Recently, BofA analysts assigned Costco a price target of $600 along with a “Buy” rating.

BofA analysts adjusted the rating while noting that the company reported November comparisons grew 4.6% for the U.S. ex-gas and 5.3% for the total company. And the analysts lowered the FY 2024 EPS estimate to $16.20 from $16.25 given Costco’s reported fiscal first-quarter net sales of $53.44 billion compared to the previous estimate of $54.36 billion.

Overview

Price target: Reduced from $605 to $600

Rating: Buy

Analyst firm: BofA