Costco Likely To Report Higher Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Costco Wholesale Corporation COST is expected to report its financial results for the third quarter after the closing bell on May 25, 2023.

Analysts expect the company to post quarterly earnings at $3.29 per share, up from year-ago earnings of $3.04 per share. The company’s revenue might come in at $54.57 billion.

Costco shares fell 0.4% to close at $482.76 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Oppenheimer analyst Rupesh Parikh reiterated an Outperform rating on the stock with a price target of $550 on April 6, 2023. This analyst sees around 14% upside in the company’s stock and has an accuracy rate of 76%.
  • Northcoast Research analyst Chuck Cerankosky upgraded the stock from Neutral to Buy with a price target of $560 on March 7, 2023. This analyst sees around 16% upside in the company’s stock and has an accuracy rate of 71%.
  • Wells Fargo analyst George Kelly maintained an Equal- Weight rating and raised the price target from $450 to $475 on Feb. 6, 2023. This analyst sees around 2% downside in the company’s stock and has an accuracy rate of 75%.
  • Truist Securities analyst Scot Ciccarelli maintained a Buy rating and increased the price target from $538 to $568 on Feb. 2, 2023. This analyst sees around 18% upside in the company’s stock and has an accuracy rate of 79%.
  • UBS analyst Michael Lasser maintained a Buy rating and boosted the price target from $565 to $600 on Jan. 6, 2023. This analyst sees around 24% upside in the company’s stock and has an accuracy rate of 81%.

 

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