
Costco (COST) Stock Forecast & Price Target
Costco (COST) Analyst Ratings
Bulls say
Costco Wholesale demonstrates a strong financial outlook, driven by its robust member renewal rates and significant contributions from various product categories, including grocery and general merchandise. Highlights include a 3.0% increase in average ticket sales and a 16.6% growth in digitally-enabled comparable sales, indicating strong performance across multiple sales channels. Additionally, membership fee income increased by 14% to $1.33 billion, reflecting effective member engagement and overall business growth.
Bears say
Costco Wholesale faces a negative outlook as recent data indicates a decline in membership renewal rates, with global rates decreasing to 89.7% and US/Canada rates dropping to 92.2%. Additionally, the company is experiencing slowed member growth, as paid memberships may have seen negative quarter-over-quarter changes when adjusted for new openings, alongside a deceleration in year-over-year comparable traffic. With the competitive landscape intensifying and key financial metrics weakening, there is heightened risk of a re-rating, particularly given the current valuation at 27x EV/NTM EBITDA.
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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