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, 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.

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