This Is What Whales Are Betting On Costco Wholesale
Portfolio Pulse from Benzinga Insights
A 'whale' investor has taken a bullish stance on Costco Wholesale (NASDAQ:COST), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale trades have targeted a price range from $535.0 to $580.0 for Costco over the last 3 months. Telsey Advisory Group has maintained their Outperform rating on Costco, with a price target of $600. Truist Securities downgraded its action to Buy with a price target of $619.
October 30, 2023 | 5:45 pm
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Bullish stance by a whale investor and positive analyst ratings could drive Costco's stock price up in the short term.
The bullish stance by a whale investor, who typically has significant influence on the market, combined with positive analyst ratings from Telsey Advisory Group and Truist Securities, indicates a positive outlook for Costco's stock. This could potentially drive the stock price up in the short term.
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