- Truist analyst Scot Ciccarelli raised the price target on Costco Wholesale Corp (NASDAQ:COST) to $634 from $603 and kept a Buy rating on the shares.
- Ciccarelli expects rising gas prices to generate higher total sales, as high prices will likely lead to more warehouse visits and membership signups, driving incremental upside potential.
- Deutsche Bank analyst Krisztina Katai increased the price target on Costco to $527 from $491 and maintained a Hold rating on the shares.
- Katai noted March was a strong month for the retailer.
- Also See: Costco's March Sales Results
- Loop Capital analyst Laura Champine raised the price target to $645 from $605 and retained a Buy rating on the shares, implying a 7% upside.
- Oppenheimer analyst Rupesh Parikh boosted the price target to $645 from $620 and maintained an Outperform rating on the shares.
- Goldman Sachs raised the price target to $627 from $561 and maintained a Buy rating on the shares, implying a 4% upside.
- Price Action: COST shares are trading higher by 2.96% at $602.08 on the last check Thursday.
