Costco shares dip, brokerages cut PT after quarterly results

Costco Wholesale

25/09/2026 12:56

** Shares of Costco Wholesale COST.O fall nearly 1% to $889.67 premarket
** J.P. Morgan and four other brokerages cut PT on stock following the company's quarterly results
** J.P. Morgan cuts PT to $1,015 from $1,100, says despite concerns over member growth, Costco remains a consistent share gainer with a strong long-term unit growth story
** Brokerage says lower member growth reflects more U.S. infill locations, which boost returns and convenience, and no Asian openings until fiscal 2028
** The warehouse retailer on Thursday beat quarterly estimates, recording strong comparable sales growth as inflationary pressures drove consumers to its discount gas stations and boosted demand across its warehouses
** Co posts Q4 adjusted EPS of $6.60, excluding a 15-cent tariff refund benefit, topping estimates of $6.53, per LSEG data
** 39 analysts rate stock "buy" on average; median PT is $1,095 - according to LSEG data
** Up to last close, stock had risen ~4% YTD 

 (Reporting by Akriti Shah in Bengaluru)
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