Costco Stock Poised for Upswing with New Warehouse Expansion Plans

Costco Wholesale's recent quarterly figures have shown the company taking steps to counteract macroeconomic pressures, positioning its stock for potential growth, according to Goldman Sachs.

The investment bank has a buy rating on Costco shares and lowered its price target from $1,159 to $1,134, still indicating 26% upside from Thursday's close.

Costco reported better-than-expected earnings of $6.60 per share for the fiscal fourth quarter, exceeding estimates at LSEG consensus of $6.53 per share and revenue of $95.72 billion.

The company is making several moves to boost its shares, including opening 28 net new warehouses in fiscal year 2027, with most stores set to be located in underserved areas.