Citi Raises Costco (COST) Price Target to $1,000 from $990

We recently published an article titled 12 Best Retail Stocks to Buy According to Analysts.

On February 20, Costco Wholesale Corporation (NASDAQ:COST) saw Citi analyst Steven Zaccone raise the firm’s price target to $1,000 from $990 while maintaining a Neutral rating, citing a modest same-store sales and earnings beat in fiscal second-quarter results.

Similarly, on February 10, Evercore ISI analyst Greg Melich raised his price target on Costco to $1,050 from $1,025 and reiterated an Outperform rating.

During the company’s first-quarter fiscal 2026 earnings call, net income totaled $2.001 billion, or $4.50 per diluted share, compared to $1.798 billion, or $4.04 per diluted share, in the prior year. Excluding certain tax-related items, net income and diluted EPS increased 13.6%. Net sales rose 8.2% year over year to $65.98 billion, while comparable sales increased 6.4%, including a 20.5% rise in digitally enabled comparable sales. Membership fee income grew 14% to $1.329 billion, reflecting membership growth and upgrades to higher-tier executive memberships. Costco Wholesale Corporation (NASDAQ:COST) opened eight new warehouses during the quarter, bringing the total to 921 locations globally, and plans to add more than 30 net new warehouses annually in the coming years. Strong comparable sales growth, expanding membership income, and continued warehouse expansion underpin durable earnings growth and support a favorable long-term investment outlook.

Costco Wholesale Corporation (NASDAQ:COST), founded in 1983 and headquartered in Issaquah, Washington, operates a global chain of membership-only warehouse clubs.

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