Oppenheimer Maintains Outperform on Costco Wholesale, Raises Price Target to $675
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Rupesh Parikh has maintained an Outperform rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $630 to $675.
December 13, 2023 | 4:27 pm
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POSITIVE IMPACT
Oppenheimer has reaffirmed Costco Wholesale's Outperform rating and raised the price target to $675, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Rupesh Parikh suggests a strong confidence in Costco's performance and growth potential. This typically has a positive effect on investor sentiment and can lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100