The earnings for Costco Wholesale Corp (COST) have seen a robust growth, especially in their e-commerce sector which saw a rise of 18.9% in fiscal Q4. Analysts are maintaining an Overweight Recommendation on the company due to its consistent performance. However, compared to its competitors, it underperformed for a couple days but its stock is now generally seen to be rising with the potential of hitting $1000 by 2024. This is further supported by Costco's strong free cash flow that could push COST stock 20% higher. However, while Costco's gross profits seem strong and consistent, the company ranked below quarterly revenue estimates. This had some investors offloading their shares despite the positive momentum. Nevertheless, there's high anticipation for the live earnings call and real-time transcript for Costco's Q4 2024 earnings, with speculation potentially pushing the price. Overall, investors appear bullish on Costco despite speculation of the stock splitting and some calling it overvalued. Jim Cramer continues to be a strong supporter of the brand, citing it as a defensive buy and consistently advocating a 'Buy, Buy, Buy' stance on COST.
Costco Wholesale Corp COST News Analytics from Mon, 19 Feb 2024 08:00:00 GMT to Sun, 29 Sep 2024 19:08:43 GMT - Rating 5 - Innovation 4 - Information 7 - Rumor -6
