Costco Wholesale Corporation (NASDAQ:COST) Stock Update and Earnings Forecast

• Loop Capital Markets upgrades Costco (NASDAQ:COST) to a "Buy" rating with a stock price of $1,004.41.
• Costco is expected to report third-quarter earnings of $4.23 per share on projected quarterly revenue of $63.1 billion.
• The stock experienced a slight decline of -0.86%, closing at $1,004.41.

Costco Wholesale Corporation (NASDAQ:COST) is a leading global retailer known for its membership-only warehouse clubs. The company offers a wide range of merchandise, including groceries, electronics, and apparel, at competitive prices. Costco competes with other major retailers like Walmart and Target. On May 29, 2025, Loop Capital Markets updated their rating for Costco to a "Buy," with the stock priced at $1,004.41.

Costco is set to release its third-quarter earnings results after the market closes on May 29. Analysts expect earnings of $4.23 per share, up from $3.78 per share in the same period last year. The company's projected quarterly revenue is $63.1 billion, an increase from $58.52 billion a year earlier. Despite this positive outlook, Costco has only surpassed analyst estimates in four of the last ten quarters.

On Wednesday, Costco's shares experienced a slight decline of 0.5%, closing at $1,013.14. The current stock price is $1,004.41, reflecting a decrease of $8.73 or approximately -0.86% from the previous trading session. The stock has traded between $1,003.50 and $1,016.63 today. Over the past year, Costco's stock has reached a high of $1,078.23 and a low of $788.20.

Costco's market capitalization stands at approximately $445.64 billion, indicating its significant presence in the retail industry. The trading volume for the day is 711,171 shares on the NASDAQ exchange. Telsey Advisory Group analyst Joseph Feldman has maintained an Outperform rating for Costco, with a price target of $1,100 as of May 8, 2025, as highlighted by Telsey Advisory Group.