Costco rises after Mizuho upgrades to 'outperform'

Costco Wholesale

05/01/2026 14:58

** Shares of grocery shop retailer Costco Wholesale COST.O up 2% at $871.99

** Mizuho upgrades stock to "outperform" from "neutral", raises PT to $1,000 from $950

** Brokerage says co's biggest challenge is not lack of demand but managing overwhelming traffic at its busiest warehouses, notes COST is adding more locations in existing markets and pushing premium memberships to handle this surge

** Adds wage growth as per new employee agreement is helping co control costs and exit a period of heavy spending, delivering strong double-digit earnings growth

** 23 of 37 brokerages rate stock "buy" or higher, 13 "hold", 1 "sell"; median PT of $1,036 - data compiled by LSEG

** COST fell ~6% in 2025

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))