The Vetr crowd on Friday downgraded their rating for Costco Wholesale Corporation COST from 3.5 stars (Buy), issued two days ago, to 3 stars (Hold). Crowd sentiment at the time of the downgrade was generally cautious, with 71 percent of Vetr user ratings bearish.
After delivering an underwhelming Q2 earnings report in March, Costco reported some better news in April that bumped the stock up. The company reported Wednesday its March sales figures were up 9 percent over February, which, in the current retail environment, is a boon for the big box store.
Learn how crowdsourced ratings could help you time the market.
Currently, the Vetr crowd's average target price for Costco is down at $164.94, which is below the average analyst target price of $178.52. Less than 2 percent of Vetr users are holding COST in their watch lists.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
