Key Takeaways
- Two days before reporting its first-quarter fiscal 2025 results, Costco Wholesale stock received a price-target boost from Oppenheimer.
- Led by Rupesh Parikh, the analysts raised their price target to $1,075 from the prior $980.
- Of the 17 analysts covering Costco stock with price targets tracked by Visible Alpha, Parikh has the fourth-highest figure.
Two days before reporting its first-quarter fiscal 2025 results, Costco Wholesale (COST) stock received a price-target boost from Oppenheimer.
Led by Rupesh Parikh, the analysts raised their price target on the stock to $1,075 from the prior $980, saying it is “well positioned to sustain robust top-line momentum.”
Of the 17 analysts covering Costco stock with price targets tracked by Visible Alpha, Parikh has the fourth-highest figure, which is more than 9% above the consensus price target is $983.47.
Costco stock currently trades at $993.98, up around 0.6% on the day and just below the all-time high of $997.71 set last Friday.
Oppenheimer Analysts ‘See the Potential for a Stock Split’
The Oppenheimer analysts, while affirming their “outperform” rating, added that “on the catalyst front, we still see the potential for a stock split down the road.”
Analysts expect Costco will report net income of $1.69 billion, or $3.81 per share, on revenue of $62.06 billion, according to Visible Alpha consensus estimates. Last year, it posted profit of $1.59 billion, or $3.58 per share, on $57.80 billion in revenue.
CORRECTION and UPDATE—This article has been corrected to reflect the time before Costco’s earnings report and give the latest share price information.
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