UBS Confident in Costco’s (COST) Holiday Sales Momentum and Growth

Costco Wholesale Corporation (NASDAQ:COST) ranks among the top picks for a retirement portfolio. With a price target of $1,205, UBS maintained its Buy rating on Costco Wholesale Corporation (NASDAQ:COST) on September 26. The firm stated that market anxieties that preceded Costco’s fourth-quarter earnings announcement will likely migrate to new issues that arose after the results were released.

UBS added that it is confident Costco Wholesale Corporation (NASDAQ:COST) will continue to have similar sales momentum given a number of factors, including its extended hours of operation and new products aimed at the holiday season.

The firm cited the growth of its Kirkland Signature brands and prospects in digital commerce as additional aspects of Costco’s business strategy. Moreover, UBS highlighted Costco’s ability to maintain its core-on-core margin progress and its adeptness at managing tariffs as elements that ought to keep the stock’s valuation intact.

A membership-based warehouse club, Costco Wholesale Corporation (NASDAQ:COST) offers bulk discounts on an array of products, including food, electronics, and household products.

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