Costco Wholesale (COST) surged 5.02% intraday on Thursday, reflecting strong investor confidence following a wave of analyst upgrades and resumptions of Buy ratings.
Deutsche Bank resumed coverage of Costco with a Buy rating and a $1,044 price target, while J.P. Morgan maintained its Buy rating with a $1,000 target. Evercore ISI also reaffirmed its Buy rating with a $1,025 target, and Telsey Advisory Group maintained an Outperform rating. These bullish calls highlight Wall Street's optimism about Costco's strong operating momentum, durable membership model, and global growth potential.
The stock's rally comes after a challenging 2025, where concerns about slower foot traffic and higher tariffs weighed on performance. Analysts now believe Costco is well-positioned to regain its growth trajectory, justifying its premium valuation.
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