Costco Draws Post‑Earnings Support as Analysts Lift Price Targets
Analysts raised targets after a Q2 beat on resilient membership income.
Overview
- Costco reported fiscal Q2 net sales up 9.1% to $68.24 billion with an earnings beat.
- Membership income rose about 14% and comparable traffic increased 3.1% worldwide, with healthy digital engagement noted.
- BTIG and Telsey lifted price targets to $1,125 with positive ratings, while Truist moved to $977 with a Hold citing valuation sensitivity and membership growth concerns.
- Shares briefly opened below $1,000 on March 5 at $996.50 before rebounding above that level, and Jim Cramer advised holding the stock with potential for new highs.
- CEO Ron Vachris detailed tariff‑mitigation steps and selective price cuts on key items, and Costco opened four warehouses to reach 924 locations with plans for about 28 net new sites in fiscal 2026.