Costco Wholesale Corporation (COST)'s "Been a Good Bounce," Says Jim Cramer

We recently published Jim Cramer Discussed Trump, CEOs & These 10 Stocks.  Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks Jim Cramer discussed.

Retail giant Costco Wholesale Corporation (NASDAQ:COST) is one of Jim Cramer’s favorite stocks. The shares are down by 2.7% over the past year and are up by 11.5% year-to-date. Even though the share performance has been less than stellar, the CNBC TV host has remained an ardent defender of the stock. Wolfe Research discussed the stock in January. It pointed out that Costco Wholesale Corporation (NASDAQ:COST) could benefit from $75 billion in tax refunds for households earning less than $200,000 in 2026. Mizuho added the stock to its top picks list, raised the share price target to $1,000 from $950, and the share rating to Outperform from Neutral. The financial firm pointed out that Costco Wholesale Corporation (NASDAQ:COST)’s shares had struggled due to worries about the retailer’s membership and comp sales growth. However, Mizuho pointed out that the retailer was experiencing optimistic premium member additions, and domestic renewals were also promising. Cramer is unsatisfied with Costco Wholesale Corporation (NASDAQ:COST)’s recent share price performance:

“Well, it’s been a good bounce, but it’s not the bounce that I wanted, it needs to go higher, it’s back to 47 times earnings where it stalls.”

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