Costco Upgrade Trade Call with $1100 Price Target

27 days ago

Paul Sween

"Costco the ticker is uh CO shares are up by 2% today. It came after an upgrade from an analyst from North Coast Research. Now, he uh upgraded the stock to buy from neutral. Now, he set the sets the price target for 12 months at $1,100. Now, it's trading at almost $880. So, it's a pretty big move. It implies almost a 30% gain from uh the last price."

The analyst upgrade on Costco, with a 12-month price target of 1100 and current trading near 880, indicates a strong trade call, suggesting a nearly 30% upside. The commentary highlights the stock's undervalued condition despite short-term struggles, emphasizing a medium-term buying opportunity.

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