Citi Raises Costco (COST) Price Target to $1,000 from $990

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On February 20, Costco Wholesale Corporation (NASDAQ:COST) saw Citi expert Steven Zaccone rise the firm’s terms people to $1,000 from $990 portion maintaining a Neutral rating, citing a humble same-store income and net bushed successful fiscal second-quarter results.

Similarly, connected February 10, Evercore ISI expert Greg Melich raised his terms people connected Costco to $1,050 from $1,025 and reiterated an Outperform rating.

During the company’s first-quarter fiscal 2026 net call, nett income totaled $2.001 billion, oregon $4.50 per diluted share, compared to $1.798 billion, oregon $4.04 per diluted share, successful the anterior year. Excluding definite tax-related items, nett income and diluted EPS accrued 13.6%. Net income roseate 8.2% twelvemonth implicit twelvemonth to $65.98 billion, portion comparable income accrued 6.4%, including a 20.5% emergence successful digitally enabled comparable sales. Membership interest income grew 14% to $1.329 billion, reflecting rank maturation and upgrades to higher-tier enforcement memberships. Costco Wholesale Corporation (NASDAQ:COST) opened 8 caller warehouses during the quarter, bringing the full to 921 locations globally, and plans to adhd much than 30 nett caller warehouses annually successful the coming years. Strong comparable income growth, expanding rank income, and continued warehouse enlargement underpin durable net maturation and enactment a favorable semipermanent concern outlook.

Costco Wholesale Corporation (NASDAQ:COST), founded successful 1983 and headquartered successful Issaquah, Washington, operates a planetary concatenation of membership-only warehouse clubs.

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