DA Davidson Maintains Neutral on Costco Wholesale, Raises Price Target to $880
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Michael Baker maintains a Neutral rating on Costco Wholesale (NASDAQ:COST) but raises the price target from $780 to $880.
September 27, 2024 | 4:01 pm
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POSITIVE IMPACT
DA Davidson has maintained a Neutral rating on Costco Wholesale but increased the price target from $780 to $880, indicating a positive outlook on the stock's potential value.
The increase in the price target from $780 to $880 suggests that the analyst sees potential for growth in Costco's stock price, which could positively influence investor sentiment. However, the Neutral rating indicates a balanced view, suggesting that while there is potential for upside, there are also factors that may limit immediate gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100