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Costco Stock Brushes Off Bull Notes After Profit Miss
COSTCostco(COST) Schaeffers Investment Research·2025-03-07 15:12

Costco Wholesale Corp (NASDAQ:COST) stock is down 4.9% to trade at 206.63atlastglance,aftertheretailerreportedworse−than−expectedprofitsforthesecondquarterduetorisingmerchandisingcosts.Revenuebeatestimates,however,andtheequitystillattractednofewerthanfiveprice−targethikes,includingonefromJefferiesto206.63 at last glance, after the retailer reported worse-than-expected profits for the second quarter due to rising merchandising costs. Revenue beat estimates, however, and the equity still attracted no fewer than five price-target hikes, including one from Jefferies to 1,180 from 1,145. Despitetoday′snegativepriceaction,COSTsportsa26.71,145. Despite today's negative price action, COST sports a 26.7% year-over-year lead. Shares have pulled back from their Feb, 13, record high of 1,078,23, an ...