Trading Strategies For Costco Stock Before And After Q3 Earnings
Portfolio Pulse from Melanie Schaffer
Costco Wholesale Corporation (NASDAQ:COST) is set to release its Q3 financial results after the market close. Analysts estimate earnings of $3.29 per share on revenues of $54.57 billion. Morgan Stanley analyst Simeon Gutman maintained an Overweight rating on Costco and raised the price target from $520 to $535. The stock's reaction to the earnings report will likely determine its short-term bullish or bearish pattern.
May 25, 2023 | 7:15 pm
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Costco's Q3 financial results are set to be released, with analysts estimating earnings of $3.29 per share on revenues of $54.57 billion. Morgan Stanley maintains an Overweight rating and raises the price target from $520 to $535.
The article focuses on Costco's upcoming Q3 financial results and the potential impact on the stock's short-term pattern. Analysts' estimates and Morgan Stanley's rating and price target update are relevant factors for investors. However, the actual results and market reaction will determine the stock's short-term direction, so the score remains neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100