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Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuCostco Wholesale reported quarterly figures that show the company is taking steps to overcome macroeconomic pressures, setting up the stock for a big move higher, according to Goldman Sachs. The investment bank has a buy on the wholesale stock. It lowered its price target on shares to $1,134 from $1,159, though the new forecast suggesting 26% upside from Thursday’s close. “Costco is prioritizing tariff refunds for price investments,” analyst Kate McShane said Friday in a note to clients. “The company is well positioned to benefit from younger members and additional … delivery options.” Costco reported better-than-expected results for the fiscal fourth quarter on Thursday. Its earnings came in at $6.60, well above the LSEG consensus of $6.53 per share. The company also clocked revenue of $95.72 billion, exceeding estimates as well. Shares of Costco have fallen 5% over the past year as investors have raised concerns over the effects of higher fuel costs and mounting competition in e-commerce on the retailer. COST 1Y mountain Shares are down 5% over the past 12 months. Still, the company is making several moves that could lift its shares, according to Goldman Sachs. For one, the chain of warehouse clubs plans to open 28 net new warehouses in fiscal year 2027, with the majority of those stories likely to be in areas that are underserved by similar stores, per the bank. Goldman Sachs’ call falls in line with consensus on Wall Street. Of the 39 analysts covering Costco, 25 have a buy or strong buy rating on the stock, LSEG data shows. Other banks on the Street were constructive on the stock following Costco’s latest earnings release. JPMorgan, Bank of America, and Morgan Stanley all reiterated buy-equivalent ratings on the stock.Read More