On Sep 28, major Wall Street analysts update their ratings for $Costco (COST.US)$, with price targets ranging from $925 to $1,005.
Morgan Stanley analyst Simeon Gutman maintains with a buy rating, and maintains the target price at $950.
BofA Securities analyst Robert Ohmes maintains with a buy rating, and adjusts the target price from $962 to $972.
Loop Capital analyst Laura Champine maintains with a buy rating, and adjusts the target price from $975 to $1,005.
Oppenheimer analyst Rupesh Parikh maintains with a buy rating, and maintains the target price at $955.
Stifel analyst Mark Astrachan maintains with a buy rating, and adjusts the target price from $915 to $925.
Furthermore, according to the comprehensive report, the opinions of $Costco (COST.US)$'s main analysts recently are as follows:
Costco has reported another robust quarter, maintaining steady underlying trends and demonstrating continued progress in e-commerce, which includes improved profitability, alongside robust membership trends. It is anticipated that Costco's momentum will persist, although it is recognized that the current stock valuation already reflects this anticipation.
Costco's recent quarterly earnings showcased robust underlying performance, with gross margins and comparable sales slightly surpassing expectations, complemented by a consistent 6% rise in global customer traffic. Despite forecasting EPS growth for FY24 that is somewhat above the norm, a more cautious projection is in place for the subsequent years, taking into account the company's pattern of reinvesting increases in member fee income. Nonetheless, the positive trajectory in e-commerce expansion is a point of optimism, and the stock's valuation continues to appeal.
In light of the company's fiscal Q4 outcomes, which included EBIT that slightly surpassed consensus expectations, as well as a 6.9% comp growth complemented by a year-over-year core-on-core gross margin expansion of 9 basis points resulting in approximately 13% EPS growth, the robustness of the company's business model is evident. It is anticipated that the revenue generated from the recent hike in membership fees will be principally reinvested, which is expected to contribute to sales, comp, and traffic growth over the forthcoming 12-18 months, prompting a modest increase in EPS forecasts for FY25-FY26 after the report.
The assessment of Costco's Q4 earnings, which surpassed expectations, reflects the analyst's recognition of significant value attracting customers to shopping clubs. This appeal seems unaffected by the recent membership fee rise, as the renewal rate remains stable. Additionally, Costco's e-commerce platform is showing robust growth, marked by a 20% core increase, with categories such as appliances and home furnishings contributing significantly, which are believed to be nearing a cyclical low point.
Costco's robust Q4 performance, though slightly below the heightened expectations fueled by strong fuel margins, displayed solid underlying results. The company remains effective in gaining market share and managing its margins.
Here are the latest investment ratings and price targets for $Costco (COST.US)$ from 7 analysts:
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美东时间9月28日，多家华尔街大行更新了$好市多 (COST.US)$的评级，目标价介于925美元至1,005美元。
摩根士丹利分析师Simeon Gutman维持买入评级，维持目标价950美元。
美银证券分析师Robert Ohmes维持买入评级，并将目标价从962美元上调至972美元。
Loop Capital分析师Laura Champine维持买入评级，并将目标价从975美元上调至1,005美元。
奥本海默控股分析师Rupesh Parikh维持买入评级，维持目标价955美元。
斯迪富分析师Mark Astrachan维持买入评级，并将目标价从915美元上调至925美元。
此外，综合报道，$好市多 (COST.US)$近期主要分析师观点如下：
Costco报告了又一个强劲的季度，保持了稳定的潜在趋势，并显示出电子商务的持续进步，其中包括盈利能力的提高以及强劲的会员趋势。尽管人们认识到，目前的股票估值已经反映了这种预期，但预计好市多的势头将持续下去。
Costco最近的季度收益显示出强劲的基础表现，毛利率和可比销售额略高于预期，全球客户流量持续增长6％。尽管预计24财年的每股收益增长将略高于正常水平，但考虑到该公司对会员费收入的再投资模式，对随后几年的预测更为谨慎。尽管如此，电子商务扩张的积极走势令人乐观，该股的估值继续具有吸引力。
鉴于该公司第四财季的业绩，其中包括略高于市场普遍预期的息税前利润，以及6.9％的复合增长，再加上核心毛利率同比增长9个基点，每股收益增长约13％，公司商业模式的稳健性显而易见。预计最近提高会员费所产生的收入将主要用于再投资，预计这将促进未来12-18个月的销售、竞争和流量增长，这促使报告发布后对 FY25-FY26 的每股收益预测略有增加。
对Costco第四季度收益的评估超出了预期，这反映了分析师对购物俱乐部吸引顾客的巨大价值的认可。由于续订率保持稳定，这种上诉似乎没有受到最近会员费上涨的影响。此外，Costco的电子商务平台表现出强劲的增长，核心增长了20％，其中电器和家居用品等类别的贡献显著，据信这些类别已接近周期性低点。
好市多第四季度的强劲表现虽然略低于强劲的燃油利润率推动的更高预期，但显示出稳健的基本业绩。该公司在获得市场份额和管理利润率方面仍然有效。
以下为今日7位分析师对$好市多 (COST.US)$的最新投资评级及目标价：
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