Costco Wholesale Corporation (COST) is a stock, not an exchange-traded fund (ETF), and it carries broad analyst coverage. Reviewing recent, attributable targets from major research firms, 18 individual price targets were collected. The overall mean across all 18 was approximately $1,076, with a low of $781 (Roth Capital, a rare Sell rating) and a high of $1,275 (UBS).
Because that overall mean sits only about 7% above the current price — below the 10% minimum-distance threshold — the central target here is instead the average of the 14 targets that sit above the current price, which calculates to roughly $1,120. Recent examples include Morgan Stanley at $1,130, UBS at $1,275, Tigress Financial at $1,250, Oppenheimer at $1,160, Bernstein at $1,143, Goldman Sachs at $1,134, Telsey Advisory at $1,135, and BTIG at $1,125. More cautious firms, such as Wells Fargo ($950), Truist ($955), and RBC Capital ($1,000), cluster below the current price.
Ratings skew bullish but with meaningful dispersion. The prevailing view is Buy or Overweight, yet several Hold and one Sell rating reflect genuine disagreement. After the September fiscal fourth-quarter report, roughly eight firms trimmed their targets — JPMorgan to $1,015, Raymond James to $1,050, and Deutsche Bank to $1,079, among others — even as many kept their bullish ratings. The common thread in the trims was slowing membership growth, not deteriorating quarterly results.
Shares of Costco closed near $1,005 in late October, within a 52-week range of roughly $844 to $1,097 and carrying a market capitalization near $445 billion. Reaching $1,120 would require about 11% upside — a substantial move that would also push the stock to a new 52-week high, since the target sits above the recent peak.
The path would likely depend on continued comparable sales momentum. In its most recent quarter, net sales rose about 11% to roughly $94 billion with EPS (earnings per share) of $6.75. However, the stock trades at a premium — about 48 times trailing earnings — meaning any move toward the target would probably require earnings growth to validate, rather than extend, the current multiple.
Costco's shares have established a long-term uptrend, though the stock currently trades roughly 8% below its 52-week high of about $1,097. That prior high is the first meaningful resistance level; beyond it, the $1,100 area — where several analyst targets cluster — represents a secondary resistance zone. On the downside, the $1,000 round-number level and the $950 zone, where several cautious analyst targets sit, mark key support areas. A move to $1,120 would require clearing the prior high and holding above $1,100, a level the stock has not yet sustained.
Analyst price targets typically reflect a roughly 12-month research horizon, though individual firms vary and targets are frequently revised after earnings. The next major catalyst is the fiscal first-quarter earnings report, scheduled for early December, followed by updates on comparable sales, membership trends, and any announcement of warehouse expansion plans or a special dividend. Investors should also monitor analyst revisions, macroeconomic consumer data, and interest-rate decisions, all of which can influence how the market values a premium-priced retailer.
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The question of whether Costco can reach $1,120 hinges on more than a single quarter. The target reflects the average of analyst targets above the current price, drawn from a wide range of roughly $781 to $1,275 that underscores genuine disagreement about the stock's next move. The required upside of about 11% is substantial, and it would demand new highs plus continued comparable sales strength and stabilization in membership growth. Bullish analysts emphasize the company's value positioning and resilient demand; cautious ones point to slowing membership fees and a demanding valuation. Neither path is assured, and investors should watch the December earnings report and subsequent analyst revisions for the clearest signal.
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A.I.dvisor indicates that over the last year, COST has been loosely correlated with WMT. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if COST jumps, then WMT could also see price increases.
| Ticker / NAME | Correlation To COST | 1D Price Change % | ||
|---|---|---|---|---|
| COST | 100% | -0.95% | ||
| WMT - COST | 62% Loosely correlated | -0.46% | ||
| PSMT - COST | 26% Poorly correlated | -3.02% | ||
| DG - COST | 24% Poorly correlated | -0.54% | ||
| DLTR - COST | 20% Poorly correlated | +2.85% | ||
| OLLI - COST | 18% Poorly correlated | +1.79% | ||
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