Oppenheimer Remains Bullish on Costco (COST)

Costco Wholesale Corporation (NASDAQ:COST) is one of the best long term low volatility stocks to buy now. In a report released on July 17, Rupesh Parikh from Oppenheimer maintained a Buy rating on Costco Wholesale Corporation (NASDAQ:COST) and set a price target of $1,130.00.

Costco Wholesale Corporation (NASDAQ:COST) reported positive sales results for the retail month of June, with net sales experiencing an 8% growth to $26.44 billion for the five weeks ended July 6. Net sales for the first 44 weeks of the year reached $227.46 billion, reflecting an 8% hike from $210.55 billion last year.

Costco Wholesale Corporation (NASDAQ:COST) operates membership-only big box warehouse club stores and is one of the most popular department stores in the US. It offers its customers elaborate offerings, including food, beverages, groceries, and more.

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Disclosure: None. This article is originally published at Insider Monkey.