Costco Value Proposition 'Continues To Shine' As Analysts Deep Dive Into Q4 Print
Portfolio Pulse from Priya Nigam
Costco Wholesale Corporation (NASDAQ:COST) shares fell in after-hours trading despite beating Q4 earnings expectations. Analysts from Truist Securities, BMO Capital Markets, Telsey Advisory Group, and William Blair maintained positive ratings and raised price targets. Strengths highlighted include solid top-line results, robust customer traffic, strong membership renewals, effective inflation management, and impressive gross margin expansion.
September 27, 2023 | 3:06 pm
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Costco's Q4 earnings beat expectations, but shares fell in after-hours trading. Analysts remain positive, citing strong results and raising price targets.
Despite the after-hours drop, Costco's strong Q4 results and positive analyst ratings suggest potential for short-term recovery. Raised price targets indicate analysts' confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100