Is a COST share a purchase after earnings? 3 analysts weigh Costco.

Costco (NASDAQ:COSTS) Shares are on the move on Friday as analysts weigh the company after the seller ‘s earnings report is published in the second quarter of 2022.

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Costco reported earnings adjusted earnings per share of $ 2.92 together with earnings of $ 51.9 billion. Both are higher compared to the same period last year. Both also beat Wall Street estimates of $ 2.74 per share in revenue of $ 51.51 billion.

Although Costco beat estimates for the second fiscal quarter of the year, it did not impress investors as shares fell today. Let’s see if analysts take a similar view of the company.

Is COST shares a purchase after earnings

• BMO Capital is starting us off as the company maintains its own a “surpass” rating for a COST share and raises the target price to $ 580 per share. This represents a potential 8.8% increase over Thursday’s final price.
• Telsey Advisory Group is next with a further rating of “exceeding” and an increased share price forecast of $ 615 per share. As a result, it expects a possible 15.4% growth compared to yesterday’s closing price.
• Truist Securities is our latest analyst insight into COST shares, as it began coverage with a “buy” rating and a target price of $ 606 per share. That’s a potential 13.7 percent jump from the stock’s closing price on Thursday.

When it comes to stock movements, COST has not yet traded 1 million shares on Friday morning. This is below its daily average trading volume of 2.6 million shares.

Shares of COST fell 3.6% on Friday morning.

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On the day of the publication of William White did not hold (directly or indirectly) any positions in the securities referred to in this Article. The opinions expressed in this article are those of the author and are the subject of InvestorPlace.com Guidelines for publication.

Article printed from InvestorPlace Media, https://investorplace.com/2022/03/is-cost-stock-a-buy-after-earnings-3-analysts-weigh-in-on-costco/.

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