Evercore ISI Reiterates Buy Rating on Costco (COST) with $1,060 PT Ahead of Q4 Earnings

Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks to invest in before they split next. On September 5, Greg Melich from Evercore ISI kept a Buy rating on Costco, with a price target of $1,060. Evercore ISI’s sentiment was reiterated ahead of Costco’s Q4 2025 earnings report.

In Q3 2025, Costco reported strong growth in both its top and bottom lines. Net sales increased by 8% to $61.96 billion, which was up from $57.39 billion in the prior year. Net income increased by over 13%, rising to $1.9 billion or $4.28 per diluted share, from $1.68 billion or $3.78 per diluted share a year ago. Total company comparable sales were also up 5.7%. In the US, particularly, comparable sales grew by 6.6%, while in Canada, they were up 2.9%.

E-commerce was a standout segment, with comparable sales increasing by 14.8%. Membership fee income for the quarter was $1.24 billion, which was an increase of 10.4% or $117 million year-over-year. The company reported having 79.6 million paid household members, an increase of 6.8%. The number of Executive Memberships grew by 9% to 37.6 million, with Executive Members now accounting for 73.1% of worldwide sales. The US and Canada saw a high renewal rate of 92.7%.

Costco Wholesale Corporation (NASDAQ:COST) operates membership warehouses in the US, Puerto Rico, Canada, Mexico, Japan, the UK, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden.

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Disclosure: None. This article is originally published at Insider Monkey.