Costco ( (COST) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Costco posted another strong month, with April net sales rising 13% year-over-year to $23.92 billion and comparable sales up 7.8%, helped by higher gasoline prices and an extra shopping day from the Easter calendar shift. E-commerce was a standout, jumping 18.4%, while fiscal year-to-date sales reached $197.18 billion, about 10% above last year, pushing Costco shares about 2% higher.
Despite this momentum, valuation worries are keeping some on the sidelines: Truist reiterated a Hold rating and a $977 target, arguing the stock’s roughly 46x multiple leaves a balanced risk/reward after Thursday’s $1,012 close. Even so, Wall Street’s overall stance remains constructive, with a Moderate Buy consensus, multiple Buy ratings from firms like Goldman Sachs, Telsey, Bernstein and an average price target around $1,100, implying mid‑single to low‑double‑digit upside for Costco investors.