- Costco aims to expand its reach with 29 new warehouses in fiscal 2025, leveraging executive memberships and digital avenues.
- March sales demonstrate robust growth, with comparable sales increasing by 6.4% and net sales hitting $25.51 billion.
- Analysts suggest a potential upside of 9.29% based on their average price target for Costco.
Costco Wholesale Corporation (COST, Financial), a leading player in the retail sector, is strategizing for significant growth by expanding its footprint. The company is set to open 29 new warehouses in fiscal 2025, a move designed to enhance profitability through increased executive memberships and a boost in digital operations. The retailer reported impressive March sales, with total comparable sales increasing by 6.4%, alongside a rise in net sales to $25.51 billion.
Wall Street Analysts' Insights
In evaluating Costco's potential, 32 analysts have provided a one-year price target, which averages at $1,067.98. Their predictions range widely, with a high estimate of $1,205.00 and a low of $890.00. This average target suggests an anticipated upside of 9.29% from the current stock price of $977.16. Investors can explore more in-depth estimates on the Costco Wholesale Corp (COST, Financial) Forecast page.
The consensus from 41 brokerage firms positions Costco Wholesale Corp (COST, Financial) with an average brokerage recommendation of 2.1, placing it in the "Outperform" category. This evaluation operates on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell.
According to GuruFocus estimates, the projected GF Value for Costco Wholesale Corp (COST, Financial) in the upcoming year stands at $707.40, indicating a potential downside of 27.61% from its current price of $977.16. The GF Value represents GuruFocus' calculated fair value, derived from historical stock multiples, past business growth, and future performance estimates. For a deeper dive into these analytics, visit the Costco Wholesale Corp (COST) Summary page.
