Costco Earnings Confirm Goldman Sachs' Bullish Outlook

Costco's latest quarterly results have reinforced Goldman Sachs' optimistic view on the retail stock. The company reported fiscal Q4 earnings per share of $6.60 and revenue of $95.72 billion, both exceeding consensus estimates.

Goldman Sachs maintained its buy rating for Costco, lowering its price target to $1,134 but still implying 26% upside from Thursday's close. The bank believes the company can navigate consumer and cost pressures while sustaining growth in its warehouse retail model.

Costco plans to open 28 net new warehouses in fiscal 2027, expanding into underserved areas. This move aligns with the broader Wall Street consensus, as 25 out of 39 analysts covering the stock hold a buy or strong buy rating.