Shares of Costco Wholesale Corp (NASDAQ:COST) rose in early trading on Friday, after the company Thursday reported upbeat fiscal second-quarter revenues.
Here are the key analyst insights:
- Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating, while raising the price target from $1,100 to $1,125.
- JPMorgan analyst Christopher Horvers reiterated an Overweight rating, while lifting the price target from $1,050 to $1,060.
- DA Davidson analyst Michael Baker reiterated a Neutral rating and price target of $1,000.
Check out other analyst stock ratings.
Telsey Advisory Group: Costco saw total sales grow by 9.2% to $69.6 billion. The wholesale retailer topped the consensus of $69.3 billion. It also recorded a comp of 7.4%, beating the consensus of 6.3%.
“The retail gross margin expanded 17 bps to 11%, with the core-on-core product margin up 22 bps, fueled by all categories, especially Food & Sundries and Non-Foods,” …