<p>周五，Costco Wholesale Corporation (COST) 的股票在华尔街分析师对该会员制零售商 2026 年第一季度盈利超预期的反应中表现平平。</p>
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<p>在这一季度，专注于大宗采购的公司收入同比增长 8.3%，达到 673.1 亿美元，数字销售额跃升 20.5%。每股收益也同比增长 11.4%，达到每股 4.50 美元。</p>
<h2><strong>高盛对 Costco 表现出 ‘信心’</strong></h2>
<p>然而，在对业绩的反应中，尽管一些分析师提高了对 COST 股票的目标价，但其他分析师则下调了目标价。高盛分析师凯特·麦克香（Kate McShane）重申了对该股票的买入评级，并提出了 1171 美元的目标价，意味着比周四常规交易收盘价 884.48 美元有超过 32% 的上涨空间。</p>
<p>麦克香表示，她的股票研究团队继续 “对 Costco 的价值主张和与消费者的持续共鸣充满信心”。她强调了公司数字和替代收入来源的增长，以及新的 Costco 仓库位置推动销售和新店增加会员基础。</p>
<h2><strong>‘近期回调创造了机会，’TD Cowen 表示</strong></h2>
<p>此外，瑞银分析师迈克尔·拉瑟（Michael Lasser）指出，“我们看到拥有该股票的吸引力机会”，而 TD Cowen 分析师奥利弗·陈（Oliver Chen）补充说，“近期股价的回调创造了机会。”</p>
<p>拉瑟表示，关于 Costco 的大多数担忧，包括交通、可比销售和客户会员续费率，在这一季度都得到了 “积极解决”。该分析师补充说，他的团队认为 Costco 将继续保持其增长轨迹，不会放缓。</p>
<h2><strong>瑞穗证券表示销售继续 ‘蚕食’</strong></h2>
<p>另一方面，瑞穗证券分析师大卫·贝林杰（David Bellinger）对该股票维持中性评级。贝林杰称 Costco 的盈利超预期 “温和”，并指出该零售商的运营支出仍在上升——尽管增速放缓——而且支付 Costco 会员的增长速度也与过去 14 个季度相比有所放缓。</p>
<p>此外，瑞穗分析师指出，美国零售商新仓库的开设继续在 “高水平上蚕食销售”。这意味着一部分销售额正从旧的仓库俱乐部转移到新的仓库。</p>
<p>总结来说，贝林杰指出，尽管他预计 Costco 将 “极其良好” 地运营其商业模式，但他和他的团队 “在等待更好的入场时机”。</p>
<h2><strong>COST 股票值得购买吗？</strong></h2>
<p>在华尔街，Costco 的股票基于过去三个月分析师发布的 16 个买入和 8 个持有评级，持有中等买入的共识评级。</p>
<p>在 1091.79 美元的目标价下，COST 的平均目标价暗示超过 24% 的上涨潜力。</p>

开市客

<p>好市多 2026 年第一季度的盈利超出预期，引发了华尔街分析师的分歧。一些分析师，如高盛，认为公司具有增长潜力，并上调了目标价；而另一些分析师，如瑞穗证券，则因运营成本上升和销售相互侵蚀而保持谨慎。该股票的共识评级为适度买入，潜在上涨空间为 24%。分析师指出，数字销售增长和新店开业是积极因素</p>

<p>Shares in Costco Wholesale Corporation (COST) on Friday shrugged off the membership-based retailer's Q1 2026 earnings beat as Wall Street analysts took opposite sides of the stock.</p>
<div class="lb-trans"><p>周五，Costco Wholesale Corporation (COST) 的股票在华尔街分析师对该会员制零售商 2026 年第一季度盈利超预期的反应中表现平平。</p>
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<li>通过最新的新闻和分析保持市场领先，使您的投资组合始终处于最大潜力的状态</li>
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</div><p>During the quarter, the bulk-purchase-focused company grew its revenue by 8.3% from a year ago to $67.31 billion, with digital sales jumping by 20.5%. Its earnings per share also climbed by 11.4% year-over-year to $4.50 per share.</p>
<div class="lb-trans"><p>在这一季度，专注于大宗采购的公司收入同比增长 8.3%，达到 673.1 亿美元，数字销售额跃升 20.5%。每股收益也同比增长 11.4%，达到每股 4.50 美元。</p>
</div><h2><strong>Goldman Sachs Shows 'Confidence' in Costco</strong></h2>
<div class="lb-trans"><h2><strong>高盛对 Costco 表现出 ‘信心’</strong></h2>
</div><p>However, reacting to the performance, while some analysts raised their price targets on COST stock, others trimmed them. Goldman Sachs analyst Kate McShane reaffirmed her Buy rating on the stock and put forward a price target of $1,171, implying over 32% upside from Thursday's regular session closing price of $884.48.</p>
<div class="lb-trans"><p>然而，在对业绩的反应中，尽管一些分析师提高了对 COST 股票的目标价，但其他分析师则下调了目标价。高盛分析师凯特·麦克香（Kate McShane）重申了对该股票的买入评级，并提出了 1171 美元的目标价，意味着比周四常规交易收盘价 884.48 美元有超过 32% 的上涨空间。</p>
</div><p>McShane said her equity research team continues &#34;to have confidence&#34; in Costco's value proposition and sustained resonance with shoppers. She highlighted growth in the company's digital and alternative revenue streams, along with new Costco warehouse locations driving sales and new stores boosting the membership base.</p>
<div class="lb-trans"><p>麦克香表示，她的股票研究团队继续 “对 Costco 的价值主张和与消费者的持续共鸣充满信心”。她强调了公司数字和替代收入来源的增长，以及新的 Costco 仓库位置推动销售和新店增加会员基础。</p>
</div><h2><strong>'Recent Pullback Creates Opportunity,' Says TD Cowen</strong></h2>
<div class="lb-trans"><h2><strong>‘近期回调创造了机会，’TD Cowen 表示</strong></h2>
</div><p>In addition, UBS analyst Michael Lasser noted that &#34;we see a compelling opportunity to own the stock,&#34; while TD Cowen analyst Oliver Chen added that the &#34;recent pullback [in the stock price] creates opportunity.&#34;</p>
<div class="lb-trans"><p>此外，瑞银分析师迈克尔·拉瑟（Michael Lasser）指出，“我们看到拥有该股票的吸引力机会”，而 TD Cowen 分析师奥利弗·陈（Oliver Chen）补充说，“近期股价的回调创造了机会。”</p>
</div><p>According to Lasser, most of the concerns about Costco, including about traffic, comparable sales, and customer membership renewal rates, were &#34;favorably addressed&#34; during the quarter. The analyst added that his team sees Costco remaining consistent with its growth journey and not slowing down.</p>
<div class="lb-trans"><p>拉瑟表示，关于 Costco 的大多数担忧，包括交通、可比销售和客户会员续费率，在这一季度都得到了 “积极解决”。该分析师补充说，他的团队认为 Costco 将继续保持其增长轨迹，不会放缓。</p>
</div><h2><strong>Mizuho Says Sales Continue to 'Cannibalize'</strong></h2>
<div class="lb-trans"><h2><strong>瑞穗证券表示销售继续 ‘蚕食’</strong></h2>
</div><p>On the other end, Mizuho analyst David Bellinger stuck to his Neutral rating on the stock. Bellinger called Costco's earnings beat &#34;modest&#34; and noted that the retailer's operating expenditures are still rising — albeit at a slower pace — and that the rate of increase in paying Costco members has also slowed compared with the past 14 quarters.</p>
<div class="lb-trans"><p>另一方面，瑞穗证券分析师大卫·贝林杰（David Bellinger）对该股票维持中性评级。贝林杰称 Costco 的盈利超预期 “温和”，并指出该零售商的运营支出仍在上升——尽管增速放缓——而且支付 Costco 会员的增长速度也与过去 14 个季度相比有所放缓。</p>
</div><p>Furthermore, the Mizuho analyst pointed out that the opening of new warehouses by U.S. retailers continues to &#34;cannibalize sales at an elevated level.&#34; This means that a meaningful chunk of sales is simply shifting from older warehouse clubs to the newer ones.</p>
<div class="lb-trans"><p>此外，瑞穗分析师指出，美国零售商新仓库的开设继续在 “高水平上蚕食销售”。这意味着一部分销售额正从旧的仓库俱乐部转移到新的仓库。</p>
</div><p>Wrapping up, Bellinger noted that although he expects Costco to keep running its business model &#34;incredibly well,&#34; he and his team &#34;await a better entry point.&#34;</p>
<div class="lb-trans"><p>总结来说，贝林杰指出，尽管他预计 Costco 将 “极其良好” 地运营其商业模式，但他和他的团队 “在等待更好的入场时机”。</p>
</div><h2><strong>Is COST Stock a Good Buy?</strong></h2>
<div class="lb-trans"><h2><strong>COST 股票值得购买吗？</strong></h2>
</div><p>Across Wall Street, Costco's shares hold a Moderate Buy consensus rating based on 16 Buys and eight Holds issued by analysts over the past three months.</p>
<div class="lb-trans"><p>在华尔街，Costco 的股票基于过去三个月分析师发布的 16 个买入和 8 个持有评级，持有中等买入的共识评级。</p>
</div><p>At $1,091.79, the average COST price target implies more than a 24% upswing possibility.</p>
<div class="lb-trans"><p>在 1091.79 美元的目标价下，COST 的平均目标价暗示超过 24% 的上涨潜力。</p>
</div>

‘我们看到一个具有吸引力的机会’：开市客股票（COST）在第一季度引发华尔街的分歧