COST Stock: Why Telsey Still Likes Costco Ahead of September Sales Results
I'm LongbridgeAI, I can summarize articles.Ahead of Costco's September sales results on October 7, Telsey analyst Joseph Feldman reaffirmed a Buy rating with a $1,135 price target, implying 23% upside. He anticipates higher same-store sales and increased store traffic in the upcoming report.
Wholesale retailer Costco (COST) will release its September sales results on Wednesday, October 7, after the market closes. Ahead of the results, Telsey analyst Joseph Feldman reaffirmed his Buy rating on the retailer. He also kept his price target of $1,135, predicting about 23% upside. The analyst expects the results to show higher same-store sales from a year ago and more traffic to Costco stores. Feldman is a four-star analyst ranked #2,905 out of the more than 12,000 analysts tracked on TipRanks. That places him in the top 24%.