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Citigroup Believes Costco (COST) Still Has Room to Grow


In a report released today, Kate McShane from Citigroup maintained a Buy rating on Costco (NASDAQ: COST), with a price target of $257. The company’s shares closed yesterday at $231.68, close to its 52-week high of $245.16.

According to TipRanks.com, McShane is a 5-star analyst with an average return of 9.8% and a 66.7% success rate. McShane covers the Services sector, focusing on stocks such as Wal-Mart Stores Inc, Advance Auto Parts, and Bed Bath & Beyond.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Costco with a $248.75 average price target, representing a 7.4% upside. In a report issued on October 1, Robert W. Baird also maintained a Buy rating on the stock with a $250 price target.

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The company has a one-year high of $245.16 and a one-year low of $154.11. Currently, Costco has an average volume of 1.91M.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.