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Costco Wholesale Corporation (NASDAQ:COST) is included among the 15 Best Passive Income Stocks to Buy Right Now.
On November 6, JPMorgan analyst Christopher Horvers lowered the price target on Costco Wholesale Corporation (NASDAQ:COST) to $1,025 from $1,050 while maintaining an Overweight rating, according to a report by The Fly. He noted that October sales came in as expected, though the government shutdown had some impact toward the end of the quarter.
As shoppers look for more value, Costco Wholesale Corporation (NASDAQ:COST) has been tracking and responding to changing purchasing trends. Management has reported stronger demand for lower-priced items and private-label products, while sales of higher-priced discretionary goods have softened. In addition to groceries, the company drives traffic by offering services such as gas stations, pharmacies, and travel, making each visit more useful for members.
Costco Wholesale Corporation (NASDAQ:COST)’s fiscal 2025 results highlight its continued strength both operationally and financially. Total net sales for the year reached $269.9 billion, up 8.1% from the prior year. Net income rose to $8.1 billion, slightly higher than the $7.37 billion reported previously. Online sales also showed solid growth, rising 15.6% for the full fiscal year.
Costco Wholesale Corporation (NASDAQ:COST) operates as a membership-based warehouse club that sells a broad range of bulk products, including groceries, electronics, and apparel, at discounted prices.
While we acknowledge the potential of COST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Extreme Dividend Stocks to Buy According to Hedge Funds and 15 Overlooked Dividend Stocks to Buy Right Now.
Disclosure: None.
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Using Your Credit Card at the Checkout Is Set to Get a Lot More Complicated
COST
The Wall Street Journal
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