Costco 'Firing On All Cylinders': 6 Analysts Size Up Q3, Catalysts Of 'Membership Fee Hike And Stock Split'
Portfolio Pulse from Chris Katje
Costco Wholesale Corporation (NASDAQ:COST) reported strong Q3 earnings, beating analyst estimates. Multiple analysts have raised their price targets, citing strong comparable sales, membership growth, and potential future catalysts like a membership fee hike and stock split.
May 31, 2024 | 5:54 pm
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Costco reported strong Q3 earnings, beating analyst estimates. Analysts have raised their price targets, citing strong sales, membership growth, and potential future catalysts like a membership fee hike and stock split.
Costco's strong Q3 earnings and positive analyst reactions, including raised price targets, indicate a likely short-term positive impact on the stock price. The potential for a membership fee hike and stock split adds further positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100