Costco Sell Call with Downside Price Target

2 days ago

Tatana Darier

"And Costco is the final one. The shares are down 2% after Roth Capital partners cut the company's shares to sell from neutral. This caught my attention as we rarely see a seller rating on anything these days and the company has 24 buys and 15 holds. The analysts there are saying that despite an earnings beat he flags several underlying metrics are concerning like renewal rates fading, paid members slowing and store traffic decelerating on a year-to-year basis. And they see downside to $769 which would represent quite a big decline more than 10% from where we're trading currently at $869 a share."

This insight highlights a sell call on Costco where Roth Capital Partners downgraded the stock from neutral to sell. The commentary cites declining renewal rates, slowing paid membership growth, and decelerating store traffic as key concerns, and it mentions a downside price target of 769, signaling a potential drop of over 10% from current levels.

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