Truist Lifts PT on Costco Wholesale Corporation (COST) to $977 From $926 - Here's Why

Costco Wholesale Corporation (NASDAQ:COST) is one of the best stocks that will always grow.

On March 6, Truist lifted the price target on Costco Wholesale Corporation (NASDAQ:COST) to $977 from $926, reiterating a Hold rating on the shares and telling investors that while the company posted another solid quarter, its membership growth remains a headwind. The firm further stated in a research note that the stock’s valuation does not leave a lot of room for error, and investors want to see member growth inflect for the stock’s multiple to re-expand.

The same day, BMO Capital also lifted the price target on Costco Wholesale Corporation (NASDAQ:COST) to $1,315 from $1,175 while maintaining an Outperform rating on the shares. The rating update came after the company’s earnings release, with the firm telling investors that the stock should remain a core holding.

Costco Wholesale Corporation (NASDAQ:COST) announced fiscal Q2 and year-to-date operating results for fiscal 2026 on March 5, reporting that net sales for the quarter rose 9.1% to $68.24 billion from $62.53 billion last year. Net sales for the first 24 weeks experienced an 8.7% growth, reaching $134.22 billion compared to $123.52 billion last year.

Costco Wholesale Corporation (NASDAQ:COST) operates membership-only big box warehouse club stores and is one of the most popular department stores in the US. It offers its customers elaborate offerings, including food, beverages, groceries, and more.

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