Costco (COST) Tops Q4 EPS by 6c

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Why Wells Fargo says it's 'tough' to be bullish on COST stock

September 26, 2025 4:00 PM EDT

Wells Fargo analysts said in a note that Costco (NASDAQ: COST) delivered a solid update in an uncertain backdrop, but valuation remains the key hurdle for turning more constructive on the stock.

"[It's] still tough to be bullish at [the] current multiple," said the bank.

Costco reported fiscal fourth-quarter EPS of $5.87, modestly above consensus of $5.80. Wells Fargo credited better MFI... More