Costco (COST) Declares $1.16 Quarterly Dividend; 0.5% Yield
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Costco Wholesale (COST) PT Raised to $1,065 at Tigress Financial Partners
October 17, 2024 10:48 AM EDTTigress Financial Partners analyst Ivan Feinseth raised the price target on Costco Wholesale (NASDAQ: COST) to $1,065.00 while maintaining a Buy rating.
The analyst comments "We reiterate our Buy rating and increase our 12-month target price to $1,065 as COST continues to experience strong in-store traffic and e-commerce momentum driven by its value proposition and unique shopping experience combined with ongoing store growth and international expansion that will continue to drive long-term shareholder value creation. COST continues to see strong revenue and net income growth even as inflation moderates, with customers purchasing more non-food items, including... More
