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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美東時間9月28日，多家華爾街大行更新了$好市多 (COST.US)$的評級，目標價介於925美元至1,005美元。
摩根士丹利分析師Simeon Gutman維持買入評級，維持目標價950美元。
美銀證券分析師Robert Ohmes維持買入評級，並將目標價從962美元上調至972美元。
Loop Capital分析師Laura Champine維持買入評級，並將目標價從975美元上調至1,005美元。
奧本海默控股分析師Rupesh Parikh維持買入評級，維持目標價955美元。
斯迪富分析師Mark Astrachan維持買入評級，並將目標價從915美元上調至925美元。
此外，綜合報道，$好市多 (COST.US)$近期主要分析師觀點如下：
Costco報告了又一個強勁的季度，保持了穩定的潛在趨勢，並顯示出電子商務的持續進步，其中包括盈利能力的提高以及強勁的會員趨勢。儘管人們認識到，目前的股票估值已經反映了這種預期，但預計好市多的勢頭將持續下去。
Costco最近的季度收益顯示出強勁的基礎表現，毛利率和可比銷售額略高於預期，全球客戶流量持續增長6％。儘管預計24財年的每股收益增長將略高於正常水平，但考慮到該公司對會員費收入的再投資模式，對隨後幾年的預測更爲謹慎。儘管如此，電子商務擴張的積極走勢令人樂觀，該股的估值繼續具有吸引力。
鑑於該公司第四財季的業績，其中包括略高於市場普遍預期的息稅前利潤，以及6.9％的複合增長，再加上核心毛利率同比增長9個點子，每股收益增長約13％，公司商業模式的穩健性顯而易見。預計最近提高會員費所產生的收入將主要用於再投資，預計這將促進未來12-18個月的銷售、競爭和流量增長，這促使報告發布後對 FY25-FY26 的每股收益預測略有增加。
對Costco第四季度收益的評估超出了預期，這反映了分析師對購物俱樂部吸引顧客的巨大價值的認可。由於續訂率保持穩定，這種上訴似乎沒有受到最近會員費上漲的影響。此外，Costco的電子商務平台表現出強勁的增長，核心增長了20％，其中電器和家居用品等類別的貢獻顯著，據信這些類別已接近週期性低點。
好市多第四季度的強勁表現雖然略低於強勁的燃油利潤率推動的更高預期，但顯示出穩健的基本業績。該公司在獲得市場份額和管理利潤率方面仍然有效。
以下爲今日7位分析師對$好市多 (COST.US)$的最新投資評級及目標價：
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