Costco price target raised to $1,155 from $1,146 at Bernstein

Bernstein analyst Zhihan Ma raised the firm’s price target on Costco (COST) to $1,155 from $1,146 and keeps an Outperform rating on the shares. The firm says Q4 finds U.S. Retail at an interesting juncture. On the one hand, consumer sentiment remains weak. Food inflation has rebounded despite egg price deflation. On the other hand, a rotation out of growth and technology stocks has buoyed the sector year-to-date. Further, there are puts and takes on the macro – drug pricing, SNAP, tariff reversals, tax refunds, and a potential World Cup bounce – that make it hard for investors to chart a course through FY26, Bernstein adds.