Goldman calls
Costco as a long-term AI stock set to rally. The company is seen as a strong dividend stock to invest in. Reddit users consider it as a defensive buy. However, the stock has underperformed the market on multiple days despite strong trading day performances. Short sellers are reportedly bearish on Costco.
Jim Cramer, financial analyst, highly praises the company saying it's 'like no other' and encourages investors to 'buy, buy, buy'. The company's stocks are deemed undervalued based on
DCF valuation. Concerns revolve around potential membership fee increase affecting Costco's customer base. Insiders reported selling shares whilst analysts remain bullish on the company. The strength of the firm lies in key markets and e-commerce driving sales. Recent hedge fund data shows bullish sentiment for Costco. However, caution is advised due to potential 'unpleasant surprises'. The stock's overvaluation is also under question.
Q3 earnings showed stronger than expected results with revenue up by 9%. Membership fees were raised for the first time in 7 years triggering a rally in the stock prices. The recent rally in the company's stock is attributed to robust financials. Institutional owners have significant 70% stake in the company.
Costco Wholesale Corp COST News Analytics from Thu, 07 Mar 2024 08:00:00 GMT to Sat, 14 Sep 2024 17:54:11 GMT -
Rating 8
- Innovation 3
- Information 9
- Rumor 4
