Navigating 37 Analyst Ratings For Costco Wholesale
Portfolio Pulse from Benzinga Insights
Costco Wholesale (NASDAQ:COST) has been the subject of 37 analyst ratings over the past quarter, with opinions ranging from bullish to bearish. The average 12-month price target for COST is $621.95, with a high estimate of $725.00 and a low of $502.00, marking a 5.73% increase from the previous average target of $588.27. Analysts have made various adjustments to their ratings and price targets, with the majority raising their targets. Costco's market capitalization is above industry averages, but it has seen a -26.78% decline in revenue growth over the past 3 months. Despite this, the company maintains strong profitability indicators such as a net margin of 2.75%, ROE of 6.21%, and ROA of 2.23%, with a conservative debt-to-equity ratio of 0.36.
December 20, 2023 | 6:00 pm
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POSITIVE IMPACT
Costco has received a mix of analyst ratings with a positive trend in price targets, indicating a bullish sentiment. The company's strong profitability metrics may counterbalance the negative revenue trend in the short term.
The majority of analysts have raised their price targets for Costco, suggesting a positive outlook for the stock. The company's strong profitability and financial health indicators, such as high net margin, ROE, and ROA, along with a low debt-to-equity ratio, support a potentially positive short-term impact on the stock price. However, the recent decline in revenue growth could be a concern for some investors, which is why the importance is not set at 100.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100