Costco reported $23.7 billion in net sales for August on September 2. This figure represents a 9.9% increase year-over-year. Comparable sales for the month grew by 8.4%. The company will release full fourth-quarter fiscal 2026 results on September 24.
Freedom Broker upgraded Costco stock from hold to buy on September 8. The firm set a $1,030 price target for the stock. Evercore ISI and Baird reiterated their existing positive ratings.
The stock recently faced pressure despite strong operational results. Analysts attribute the decline to high valuation rather than company fundamentals.