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Why This Costco Analyst Expects Strong December Sales Figures

Shares of Costco Wholesale Corporation (NASDAQ:COST) have lost more than 13% this month. The company, which is scheduled to report December sales...

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Costco Wholesale Corporation (NASDAQ:COST) - Why Costco Is A Long-Term Hold, But Faces Tough Comparable Sales


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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.

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