Costco Wholesale (COST) was upgraded to Buy with a new price target of $1,100, suggesting a substantial 29% upside from its previous closing price.
- The stock is currently down roughly 4% year-to-date, primarily due to P/E multiple contraction despite solid operations.
- The company maintains strong fundamentals, including approximately $17.18 billion in cash and ongoing membership growth.
- Investor focus is centered on the potential for a 2026 special dividend and upcoming capital-return decisions.