Costco reported better-than-expected results for the fiscal fourth quarter, with earnings of $6.60 per share versus the $6.53 consensus. Goldman Sachs maintained its buy rating with a price target of $1,134, implying 26% upside. The bank praised the company’s strategy of prioritizing tariff refunds for price investments and its ability to attract younger members along with new delivery options. The warehouse club retailer plans to open 28 net new locations in fiscal year 2027. Shares have fallen 5% over the past year, but 25 of the 39 analysts covering Costco recommend buy or strong buy.
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