Bearish
Costco's stock drops 4.2% after analyst downgrade to $1,100 price target.
Costco's stock declined by 4.2% following a price target reduction by JPMorgan Chase & Co. from $1,110 to $1,100, maintaining an 'overweight' rating. Despite this, the consensus among 22 analysts remains 'Buy,' with a price target of $1,061.10. The stock is currently trading at $935.80, reflecting a market capitalization of approximately $415.9 billion.
Key points
- Analyst Downgrade: JPMorgan Chase & Co. lowers Costco's price target to $1,100, leading to a 4.2% stock decline.
- Analyst Sentiment: Despite the downgrade, 22 analysts maintain a 'Buy' rating with a consensus price target of $1,061.10.
- Stock Performance: Costco's stock is trading at $935.80, with a market cap of $415.9 billion.
Sources
AI-generated from public news sources. Not financial advice.
