11 Sep

What Analysts Recommend for COST, TGT, and WMT


Analysts recommend “buy” for Costco

Analysts are maintaining their “buy” recommendation on Costco (COST) stock. Costco continues to impress investors with its sales and earnings growth rate. Multiple analysts raised their target price on Costco stock following the company’s stellar sales numbers for August. Of the 28 analysts covering Costco stock, 20 analysts suggest a “buy,” and eight analysts have a “hold” rating. Analysts have a target price of $239.82 per share on Costco, which is lower than its closing price of $243.18 on September 10.

What Analysts Recommend for COST, TGT, and WMT

Analysts maintain a “hold” on Target and Walmart

Analysts maintain a “hold” on both Target (TGT) and Walmart (WMT) stock. As for Walmart stock, 13 out of 32 analysts maintain a “buy” rating and 19 analysts have a “hold” recommendation. Analysts have a target price of $104 per share on WMT stock, which indicates an upside of 7.3% based on its closing price of $96.90.

Meanwhile, of the 26 analysts covering Target stock, 16 analysts suggest a “hold,” eight analysts maintain a “buy” rating, and two analysts have a “sell” rating. Target stock is trading on par with analysts’ consensus target price of $89.06 per share.

Target, Walmart, and Costco are successfully revamping their businesses and defending their market share despite increased competition from online rivals. Also, these companies are generating solid comps and earnings growth, which is a big positive. However, we remain a bit cautious given the high valuation and anticipated slowdown in the growth rate.

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