Telsey Advisory Group Boosts Costco Wholesale Price Target to $134.00 (COST)
Investment analysts at Telsey Advisory Group boosted their price objective on shares of Costco Wholesale (NASDAQ:COST) from $127.00 to $134.00 in a note issued to investors on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 7.07% from the stock’s previous close.
Shares of Costco Wholesale (NASDAQ:COST) opened at 125.15 on Friday. Costco Wholesale has a 1-year low of $109.50 and a 1-year high of $126.12. The stock’s 50-day moving average is $119.3 and its 200-day moving average is $115.9. The company has a market cap of $54.853 billion and a price-to-earnings ratio of 28.01. Costco Wholesale also saw unusually large options trading activity on Thursday. Traders purchased 11,073 call options on the company. This is an increase of 193% compared to the average daily volume of 3,783 call options.
A number of other firms have also recently commented on COST. Analysts at Northcoast Research upgraded shares of Costco Wholesale from a “neutral” rating to a “buy” rating in a research note on Wednesday. Separately, analysts at S&P Equity Research raised their price target on shares of Costco Wholesale from $459.00 to $473.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs upgraded shares of Costco Wholesale from a “neutral” rating to a “conviction-buy” rating in a research note on Tuesday, July 29th. They now have a $136.00 price target on the stock. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale presently has a consensus rating of “Buy” and a consensus price target of $157.17.
Costco Wholesale Corporation (NASDAQ:COST) with its subsidiaries is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea.
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