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The Key Take-Aways
- Oppenheimer gave Costco Wholesale a boost in its price target two days before it reported the first quarter fiscal 2025 results.
- Rupesh Paraikh is the analyst who led this price increase to $1075 as opposed to the $980 they had previously set.
- Parikh is the fourth highest-ranking analyst among the Visible Alpha 17 analysts who cover Costco stocks with price target data.
Oppenheimer boosted the price of Costco Wholesale’s (COST) shares two days before it reported its results for fiscal year 2025 first quarter.
Led by Rupesh Parikh, the analysts raised their price target on the stock to $1,075 from the prior $980, saying it is "well positioned to sustain robust top-line momentum."
Visible Alpha has tracked 17 Costco analyst price targets. Parikh is fourth highest with a price target of $983.47, more than 9% higher.
Costco’s stock is currently at $993.98. It has gained around 0.6% in the last day. However, it still remains below its all-time highest price of $997.71 that was set last Friday.
Oppenheimer Analysts 'See the Potential for a Stock Split'
The Oppenheimer analysts, while affirming their "outperform" rating, added that "on the catalyst front, we still see the potential for a stock split down the road."
Visible Alpha estimates that Costco’s net income will be $1.69 billion or $3.81 each share on revenues of 62.006 billion according to Visible Alpha consensus. Costco posted a profit of $57.80 million, or $1.59 billion. This is $3.58 per shares.
CORRECTION and UPDATE—This article has been corrected to reflect the time before Costco's earnings report and give the latest share price information.
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