Skip to main content

Midday Wrap: Costco Climbs as Analysts Still Love Stock

Publish date:
Video Duration:

A disappointing fourth quarter release wasn't enough to knock Costco (COST) off of its upward trajectory Friday as the stock gained 0.7% despite the soft quarter. 

The company was the subject of numerous bullish analyst notes Friday after reporting soft comps and revenue on earnings that took a 22 cent tax charge in the period. 

Cowen & Co.'s Oliver Chen kept his Outperform rating and $325 price target on the company. Gordon Haskett's Chuck Grom reiterated an Accumulate rating and $330 price target. Stifel's Mark Astrachan has a Buy rating and $310 price target. Telsey Advisory Group's Joseph Feldman reiterated an Outperform rating and raised his price target by $10 to $315 following the report.

Costco shares are up nearly 45% year to date. 

Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM

Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud

Catch Up: Today's Top News Videos Below

Related Videos