Bernstein has raised its price target for Costco Wholesale Corporation (COST) to $1,155 from $1,146, while maintaining an Outperform rating on the stock. The adjustment follows a robust performance in January, where the retailer reported a 9.3% year-over-year increase in total sales. Comparable sales also saw a significant uptick of 7.1%, bolstered by the continued expansion of the company’s digital sales channels. Analyst Zhihan Ma noted that while the sales data is encouraging, broader concerns regarding soft consumer sentiment and food inflation persist. The modest increase in the price target reflects a cautious optimism amid macroeconomic uncertainties facing the retail sector heading into 2026. Overall, the update underscores Costco's ability to maintain momentum despite a challenging economic backdrop for global retailers.
Get AI-powered deep analysis for every story with a paid subscription
Upgrade for Analysis