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CICC gives Costco a buy rating
Businessinsider
10-24 09:15
Ai Focus
On October 21st, analysts from CICC assigned a buy rating to Costco and set a target price. The article also mentioned that analysts of Costco unanimously rated it as a moderate buy, with a consensus target price of $1,094.48; Tigress Financial had previously also reiterated its buy rating, with a target price of $1,250. The company's latest quarterly revenue was $95.72 billion, and its net profit was $3 billion.
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On October 21st, analyst CICC assigned a buy rating to Costco and set a target price. The company's stock price closed at $998.31 yesterday.

Costco is currently rated as 'moderate buy' by all analysts, with a consensus target price of $1,094.48, which implies a potential upside of 9.63% from the current level. In a report released on October 15th, Tigress Financial also reiterated its buy rating for the stock, with a target price of $1,250.00.

According to the latest financial report as of August 30th, as indicated by Costco, the company's revenue for that quarter was 95.72 billion US dollars, with a net profit of 3 billion US dollars. In contrast, during the same period last year, the company's revenue was 86.16 billion US dollars, and the net profit was 2.61 billion US dollars.

Based on the trading activities of 55 insiders recently, the sentiment among the company's insiders regarding this stock is negative. This indicates that in the past quarter, there has been an increase in the number of COST insiders selling their shares compared to earlier this year. Last month, SEVP Caton Frates from COST sold 800 shares, with a total transaction amount of $732,744.00.

More information about COST:

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