Weekly Recap | Costco Wholesale -1.05%, most brokers rate it buy

The Week

Costco Wholesale closed the week at $895.31, down 1.05% from the prior Friday’s close of $904.77. The S&P 500 slipped 0.08% over the same stretch, leaving the stock 0.97 percentage points behind the benchmark. The week opened at $913.645 and posted an early high of $921.99 on Monday before pulling back through midweek. The stock touched a low of $888.04 on Thursday and recovered modestly into Friday’s $895.31 close. Average daily volume of 2.56 million shares ran roughly 22% above the 60-day median, pointing to more active trading.\n\n## Key Events\nDelivery partnerships dominated the week’s news. On Tuesday, reports said Costco and Uber were expanding their Uber Eats delivery collaboration to 47 US states. On Thursday, Costco and DoorDash broadened their global partnership with a nationwide US rollout. The announcements lifted expectations around membership growth, though the stock still faded on Friday. Attention also turned to next Thursday’s earnings: Costco reports fiscal Q4 results after the close on 24 September 2026, and analysts spent the week revising estimates. A five-star UBS analyst said the warehouse remains fully stocked. Elsewhere, Walmart moved to sell Medicare Advantage plans in a similar vein to Costco, while commentary on Kirkland private-label strength pressuring national brands ran through the week.\n\n## Analyst Ratings\nOf 39 brokers covering Costco, 20 rate it buy and 4 rate it outperform, with 13 at hold, 1 at underperform and 1 at sell. Consensus is buy, with a consensus target of $1,069.20, about 19.4% above the latest price of $895.31. The target range is wide, from $740 to $1,315, signalling meaningful disagreement on the upside. Costco ranks second among eight consumer discretionary retail names in institutional ratings, above both the industry median and mean.\n\n## The Week Ahead\nCostco reports fiscal Q4 results after the close on Thursday, with consensus estimates at $6.5273 in EPS and $94.9 billion in revenue. That release is where the week’s estimate revisions and the delivery partnerships will be tested for signs of membership growth and same-store momentum. On the macro side, traders will watch Richmond Fed data, initial jobless claims, new home sales and weekly EIA crude and natural gas inventory numbers, with oil prices and consumer conditions still likely to matter for Costco’s fuel and discretionary spending lines.\n\n## In Short\nCostco slipped modestly this week against a broadly positive broker backdrop, with consensus still at buy and the consensus target about 19% above spot. The wide $740 to $1,315 target range and a roughly 44.9x P/E show valuation debate remains live. The latest session’s flows showed large-lot money turning net buyer while smaller orders sold, adding another layer before next Thursday’s earnings decide whether membership momentum is intact.\n\nThis article is generated by LongbridgeAI from market data, for information only and not investment advice.