Oppenheimer Maintains Outperform on Costco Wholesale, Raises Price Target to $695
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 $675 to $695. This adjustment reflects a positive outlook on the company's stock performance.
January 05, 2024 | 6:18 pm
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Oppenheimer analyst Rupesh Parikh reaffirms an Outperform rating on Costco Wholesale and raises the price target to $695, indicating a bullish outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can positively influence investor sentiment. As a result, the stock price may experience upward pressure in the short term due to increased investor confidence.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100