Jim Cramer Reveals Why Costco’s (COST) Doing Well

We recently published Jim Cramer Said Allbirds Management Are “Jokers” & Discussed These 18 Stocks. Costco Wholesale Corporation (NASDAQ:COST) is one of the stocks discussed by Jim Cramer.

Discount retailer Costco Wholesale Corporation (NASDAQ:COST)’s shares are flat over the past year and are up by 14% year-to-date. Wells Fargo and Telsey discussed the firm on April 9th. The latter raised its share price target for Costco Wholesale Corporation (NASDAQ:COST) to $1,135 from $1,125 and kept an Outperform rating on the stock. It praised the firm’s operational execution in an uncertain environment and expressed faith in its ability to gain market share. Wells Fargo raised the share price target to $1,000 from $950 and kept an Equal Weight rating. It remarked that Costco Wholesale Corporation (NASDAQ:COST)’s core same-store sales growth of 6.2% in March was commendable as it occurred despite headwinds from the Easter holiday. As for Cramer, the CNBC TV host has recently started to discuss Costco Wholesale Corporation (NASDAQ:COST)’s entry into the gasoline market. He believes that during the current high price environment, the firm has made the right decision. This factor was on his mind once again during this appearance:

“Costco is doing well because remember they’ve got inexpensive gasoline so people signed up because of that.”

Jim Cramer Reveals Why Costco's (COST) Doing Well

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