Bernstein Raises Costco (COST) Price Target, Maintains Outperform Rating

Bernstein has raised its price target on Costco Wholesale Corporation (NASDAQ:COST) to $1,153 from $1,148, reiterating its Outperform rating after the retailer posted better-than-expected fiscal third-quarter earnings.

The results came in ahead of consensus despite already well-publicized monthly sales updates. The firm praised Costco’s ability to outperform in a quarter where many key figures were already anticipated by the market. Solid execution and consistent member traffic contributed to the results, reinforcing the company’s reputation for operational reliability.

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Analysts at Bernstein maintain a long-term bullish stance, calling Costco Wholesale Corporation (NASDAQ:COST) the highest-quality name in their retail coverage. The firm sees the company as uniquely positioned to capitalize on global expansion, citing decades of potential growth through additional warehouse openings in both developed and emerging markets. Costco’s membership model, combined with its tight cost controls and strong vendor relationships, continues to drive stable margins and loyal customer engagement. The retailer’s performance has remained resilient amid shifting consumer spending trends and broader macroeconomic uncertainty.

While the price target increase is modest, it reflects growing confidence in Costco’s ability to deliver steady earnings growth and maintain its competitive edge. Bernstein expects continued strength in same-store sales and membership renewals to support the company’s upward trajectory in the quarters ahead.

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