Truist Highlights Costco’s (COST) Sales Momentum While Flagging Membership Growth Slowdown

Costco Wholesale Corporation (NASDAQ: COST ) is included among the 10 Best Long-Term Dividend Stocks to Invest In According to Billionaires .

Truist raised its price recommendation on Costco Wholesale Corporation (NASDAQ:COST) to $1,011 from $977 on May 29. It reiterated a Hold rating on the stock. In a research note, the analyst said Costco’s ability to consistently deliver mid-single-digit comparable sales growth despite operating at an annualized sales run rate of about $300 billion continues to be impressive. The firm noted that one of the few fundamental concerns is that membership growth has continued to slow.

Also on May 29, BofA increased its price goal on Costco to $1,200 from $1,185. It maintained a Buy rating following the company’s third-quarter results, which came in “largely in line with expectations.” After reviewing the results, the firm left its FY26 EPS estimate unchanged and raised its FY27 EPS forecast by $0.10, citing a modest improvement in its SG&A outlook.

Costco Wholesale Corporation (NASDAQ:COST) operates membership warehouses and e-commerce platforms that sell a mix of nationally branded and private-label products across a broad range of categories.

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