Share: Costco Wholesale Corporation (NASDAQ: COST) could face tough comparable sales over the next few quarters from the COVID-19 pandemic peak of grocery and retail sales in 2020. An analyst remains bullish on Costco despite the potential risk. The Costco Analyst: Morgan Stanley analyst Simeon Gutman reiterates an Overweight rating and price target of $410. The Costco Takeaways: Gutman called out the tough comparable sales Costco is now facing going against strong growth during the COVID-19 pandemic in 2020. “We like COST as a longer-term holding — especially as the multiple has come in — but the stock may tread water until visibility on COVID laps improves,” Gutman said.