
Costco (COST) Stock Forecast & Price Target
Costco (COST) Analyst Ratings
Bulls say
Costco Wholesale's strong financial outlook is supported by a 2.9% increase in average ticket sales and a projected traffic increase of 3.0%, indicating solid consumer demand for value-driven offerings. The company's digitally-enabled comparable sales rose by 16.6%, reflecting a successful adaptation to e-commerce trends and continued strength in both food and non-food categories. With high member renewal rates of 93% in the US and Canada, alongside an expanding membership base of approximately 145 million members, Costco is well-positioned for sustained profitability and market share gains.
Bears say
The analysis highlights several fundamental concerns contributing to a negative outlook on Costco Wholesale's stock. There are anticipated headwinds from declining gas prices and foreign exchange fluctuations, which could negatively impact same-store sales and overall financial performance. Moreover, macroeconomic risks, including rising interest rates and decreased consumer confidence, coupled with the potential for cannibalization effects from new store openings and an inability to pass on cost increases, further exacerbate the company's vulnerability in a challenging retail environment.
This aggregate rating is based on analysts' research of Costco and is not a guaranteed prediction by Public.com or investment advice.
Costco (COST) Analyst Forecast & Price Prediction
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