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Benzinga
Benzinga
Business
Shivani Kumaresan

Analysts Bump Up Costco Price Target Post March Sales Results

  • 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 SeeCostco'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.
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