Costco Wholesale (COST) Stock: $650 Price Target From Cowen

By Amit Chowdhry ● Feb 13, 2022
  • The shares of Costco Wholesale (NASDAQ: COST) have received a $650 price target from Cowen. These are the details.

The shares of Costco Wholesale (NASDAQ: COST) have received a $650 price target from Cowen. And Cowen analyst Oliver Chen increased the price target on Costco Wholesale from $630 while maintaining an “Outperform” rating on the shares.

“We expect consistent growth despite tough multi-year compares on agile innovation at a focused yet diversified under 4,000 SKU assortment. Meanwhile, non-cannibalizing e-comm & store growth, impressive renewal trends support premium 37x P/E valuation. Membership price increases and a special dividend on horizon,” wrote Chen in a research note.

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