Quick Read

• Costco (COST) earns a BUY rating with a $1,047 price target, implying 10% upside over 12 months at 90% confidence.

• With 82 million paid members, 92% U.S. renewal rates, and 37% e-commerce growth, Costco’s membership flywheel supports a bull case of $1,141.

• A trailing P/E of 48 and PEG of 4.644 are the primary risks, with the bear scenario placing the stock essentially flat near $960.

• Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Costco didn’t make the cut. Grab the names FREE today.

Our Costco (NASDAQ:COST) call right now is constructive. After a sharp pullback from the May highs, the stock sits at $951.35, and our proprietary model…