What's Going On With Costco Stock?
Portfolio Pulse from Adam Eckert
Costco Wholesale Corp (NASDAQ:COST) is recovering from a dip following mixed Q4 results, with positive analyst revisions boosting the stock. Despite missing revenue estimates, Costco beat earnings expectations and saw strong e-commerce growth. Analysts have raised price targets and maintained positive ratings, citing expected margin improvements and income growth from membership fee increases.
September 30, 2024 | 5:33 pm
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Costco's stock is recovering after mixed Q4 results, with positive analyst revisions. Revenue missed estimates, but earnings beat expectations. Analysts raised price targets, citing strong growth and margin improvements from membership fee increases.
Costco's stock initially dipped due to mixed Q4 results, but positive analyst revisions and raised price targets have led to a recovery. The earnings beat and strong e-commerce growth, along with expected margin improvements from membership fee increases, are seen as positive indicators for future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100