BMO Capital Markets Raises Price Target for Costco Wholesale Stock

BMO Capital Markets has recently increased its price target for Costco Wholesale (NASDAQ:COST) from $1,075.00 to $1,175.00. This announcement was made in a research note released on Friday, indicating that the firm maintains an "outperform" rating for the company's stock. The new price target suggests there is potential for an 18.88% increase from the stock's previous closing price.

A number of other investment firms have also provided insights about Costco Wholesale’s stock performance. For instance, Redburn Atlantic downgraded shares from a "buy" rating to a "neutral" rating while also raising their price objective to $890.00 from $860.00 in a report dated September 10th. Meanwhile, Loop Capital enhanced their target price from $975.00 to $1,005.00, maintaining a "buy" rating in their report dated September 27th. Additionally, Raymond James increased the target from $990.00 to $1,030.00, giving Costco an