77/100BCostco Wholesale stock forecast 2025–2029
Analysts' average 12-month price target for Costco Wholesale is 1,111.55, 5.5% above the current price of 1,053.57. Their targets range from 955.00 to 1,275.00.
Of the 24 firms that rated Costco Wholesale in the past 12 months, 19 rate it buy or strong buy, 4 hold and 1 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 955.00 to 1,275.00, with an average of 1,111.55.
| Strong buy | 0 | |
| Buy | 19 | |
| Hold | 4 | |
| Sell | 1 | |
| Strong sell | 0 |
12-month price target
| Highest target | 1,275.00 |
| Average target | 1,111.55 |
| Lowest target | 955.00 |
| Current price | 1,053.57 |
Costco Wholesale price target history
Have analysts recently raised or lowered their Costco Wholesale price target and rating?
How analysts rate Costco Wholesale, month by month
19 of 24 firms rate it buy now, against 12 of 19 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Costco Wholesale analyst upgrades, downgrades and price targets
The latest rating change came on 8 September 2026, when Freedom Broker upgraded Costco Wholesale from Hold to Buy. The most recent new target came from Tigress Financial on 15 October 2026: 1,250.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 15 Oct 2026 | Tigress Financial Joseph Feldman | Reiterated · Buy | 1,250.00 | — | 978.01 |
| 28 Sept 2026 | Deutsche Bank Krisztina Katai | Reiterated · Buy | 1,091.00 → 1,079.00 | -1.1% | 929.26 |
| 25 Sept 2026 | Truist Financial | Reiterated · Hold | 1,011.00 → 955.00 | -5.5% | 919.13 |
| 25 Sept 2026 | D.A. Davidson | — | 1,000.00 → 1,040.00 | +4.0% | 919.50 |
| 25 Sept 2026 | Robert W. Baird | — | 1,100.00 → 1,175.00 | +6.8% | 896.48 |
| 25 Sept 2026 | Bernstein | Reiterated · Outperform | 1,144.00 → 1,143.00 | -0.1% | 896.48 |
| 25 Sept 2026 | Raymond James Bobby Griffin | Reiterated · Outperform | 1,100.00 → 1,050.00 | -4.5% | 896.48 |
| 8 Sept 2026 | Freedom Broker | Upgraded · Hold → Buy | — | — | — |
| 4 Sept 2026 | Deutsche Bank Krisztina Katai | — | 1,120.00 → 1,091.00 | -2.6% | 922.97 |
| 4 Sept 2026 | Bernstein | Reiterated · Outperform | 1,192.00 → 1,144.00 | -4.0% | 925.41 |
| 6 Aug 2026 | Deutsche Bank Krisztina Katai | — | 1,106.00 → 1,120.00 | +1.3% | 946.96 |
| 13 Jul 2026 | RBC Capital Steven Shemesh | — | 1,000.00 | — | 916.25 |
| 1 Jun 2026 | Mizuho Securities David Bellinger | — | 1,065.00 → 1,100.00 | +3.3% | 956.32 |
| 29 May 2026 | Truist Financial | Reiterated · Hold | 926.00 → 1,011.00 | +9.2% | 946.74 |
| 20 May 2026 | UBS | Reiterated · Buy | 1,175.00 → 1,275.00 | +8.5% | 1,083.01 |
| 19 May 2026 | Oppenheimer Rupesh Parikh | Reiterated · Outperform | 1,100.00 → 1,160.00 | +5.5% | 1,076.47 |
| 12 May 2026 | Bernstein | — | 1,155.00 → 1,192.00 | +3.2% | 999.47 |
| 7 May 2026 | Deutsche Bank | — | 1,104.00 → 1,106.00 | +0.2% | 998.89 |
| 9 Apr 2026 | Telsey Advisory | Reiterated · Outperform | 1,100.00 → 1,135.00 | +3.2% | 1,032.03 |
| 9 Apr 2026 | Deutsche Bank Krisztina Katai | — | 1,044.00 → 1,104.00 | +5.7% | 1,032.03 |
| 9 Apr 2026 | Wells Fargo | Reiterated · Equal Weight | 950.00 → 1,000.00 | +5.3% | 1,032.03 |
| 6 Mar 2026 | Raymond James Bobby Griffin | — | 1,100.00 | — | 997.28 |
| 6 Mar 2026 | UBS | — | 1,175.00 | — | 987.69 |
| 5 Mar 2026 | Jefferies Corey Tarlowe | — | 1,050.00 | — | 982.57 |
| 2 Mar 2026 | Evercore ISI Greg Melich | — | 1,050.00 → 1,100.00 | +4.8% | 1,010.79 |
| 10 Feb 2026 | Evercore ISI Greg Melich | Reiterated · Outperform | 1,025.00 → 1,050.00 | +2.4% | 987.09 |
| 9 Feb 2026 | Bernstein Zhihan Ma | — | 1,146.00 → 1,155.00 | +0.8% | 1,001.16 |
| 5 Feb 2026 | Oppenheimer | — | 1,100.00 | — | 997.70 |
| 5 Feb 2026 | Wells Fargo | Reiterated · Equal Weight | 900.00 → 950.00 | +5.6% | 978.35 |
| 5 Feb 2026 | Robert W. Baird | — | 1,000.00 → 1,100.00 | +10.0% | 978.35 |
| 3 Feb 2026 | Mizuho Securities | Reiterated · Outperform | 1,000.00 → 1,065.00 | +6.5% | 968.36 |
| 8 Jan 2026 | Deutsche Bank Krisztina Katai | — | 1,044.00 | — | 927.40 |
| 5 Jan 2026 | Mizuho Securities | Upgraded · Neutral → Outperform | 950.00 → 1,000.00 | +5.3% | 854.50 |
| 24 Dec 2025 | Northcoast Research | Upgraded · Neutral → Buy | 1,100.00 | — | 854.79 |
| 19 Dec 2025 | Wells Fargo Edward Kelly | Reiterated · Equal Weight | 900.00 | — | 857.59 |
| 15 Dec 2025 | Roth Capital | Downgraded · Neutral → Sell | 907.00 → 769.00 | -15.2% | 884.49 |
| 12 Dec 2025 | Truist Financial Scot Ciccarelli | — | 1,033.00 → 926.00 | -10.4% | 867.89 |
| 12 Dec 2025 | Robert W. Baird | — | 1,000.00 | — | 884.46 |
| 12 Dec 2025 | Goldman Sachs | Reiterated · Buy | 1,171.00 | — | 884.46 |
| 12 Dec 2025 | Bernstein | Reiterated · Outperform | 1,140.00 → 1,146.00 | +0.5% | 884.46 |
Costco Wholesale EPS and revenue estimates
Analysts expect Costco Wholesale's EPS to grow 9.7% a year until 2029, slower than over the last 5 years (13.0% a year) and the last 3 years (13.6%).
Analysts expect Costco Wholesale's revenue to grow 7.6% a year until 2029, about as fast as over the last 5 years (9.1% a year) and the last 3 years (7.8%).
Revenue
EPS
Does Costco Wholesale beat earnings estimates?
On average, analysts' EPS estimate was 3.4% off the result, either way, and their revenue estimate 0.5%, over the last 12 quarters.
- EPS beats
- 77 / 136
- Revenue beats
- 78 / 123
- Average EPS surprise, last 12
- +2.8%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q4 FY2026 | 24 Sept 2026 | 6.54 | 6.75 | +3.2% | 94.97B | 93.87B | -1.2% |
| Q2 FY2026 | 28 May 2026 | 5.00 | 4.93 | -1.4% | 69.83B | 70.53B | +1.0% |
| Q2 FY2026 | 5 Mar 2026 | 4.55 | 4.58 | +0.7% | 69.29B | 69.60B | +0.4% |
| Q1 FY2026 | 11 Dec 2025 | 4.27 | 4.50 | +5.4% | 67.14B | 67.31B | +0.2% |
| Q4 FY2025 | 25 Sept 2025 | 5.80 | 5.87 | +1.2% | 86.01B | 86.16B | +0.2% |
| Q2 FY2025 | 29 May 2025 | 4.24 | 4.28 | +0.9% | 63.13B | 63.21B | +0.1% |
| Q2 FY2025 | 6 Mar 2025 | 4.09 | 4.02 | -1.7% | 63.11B | 63.72B | +1.0% |
| Q1 FY2025 | 12 Dec 2024 | 3.79 | 4.04 | +6.6% | 62.05B | 62.15B | +0.2% |
| Q4 FY2024 | 26 Sept 2024 | 5.08 | 5.29 | +4.1% | 79.91B | 79.70B | -0.3% |
| Q3 FY2024 | 30 May 2024 | 3.70 | 3.78 | +2.2% | 58.02B | 58.52B | +0.8% |
| Q2 FY2024 | 7 Mar 2024 | 3.62 | 3.92 | +8.3% | 59.11B | 58.44B | -1.1% |
| Q1 FY2024 | 14 Dec 2023 | 3.42 | 3.58 | +4.7% | 57.79B | 57.80B | +0.0% |
Costco Wholesale stock price 2025–2029: scenarios
If Costco Wholesale's earnings keep growing at the 11.2% a year analysts expect to FY2027, it would earn about 28.19 a share in FY2029. At the P/E it has traded at over the last five years (38.4 to 53.8) that is 1,081.94 to 1,515.38 a share, or 1,294.46 at its average P/E of 45.9. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2025 | 18.08 | 694.11 | 830.45 | 972.18 |
| FY2026 | 20.50 | 786.98 | 941.56 | 1,102.26 |
| FY2027 | 22.79 | 874.78 | 1,046.61 | 1,225.24 |
| FY2028 (extrapolated) | 25.35 | 972.86 | 1,163.96 | 1,362.61 |
| FY2029 (extrapolated) | 28.19 | 1,081.94 | 1,294.46 | 1,515.38 |
Each year's EPS is the analysts' consensus to FY2027; the years after continue its 11.2% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (38.4, 45.9, 53.8).
Is Costco Wholesale stock undervalued or overvalued?
Costco Wholesale's P/E of 50.7 is above the middle of its 5-year range (33.5 to 63.1, median 47.6). Analysts do not expect faster growth than in recent years, so it is expensive compared with its own history. Buyers pay more for each point of growth than usual: a PEG of 5.2 on expected growth against 3.7 on its median P/E and past five years' growth. At its usual P/E (47.6 × EPS of 20.78), Costco Wholesale's fair value is 989.20; the price, 1,053.57, is 6.5% above it. Its forward P/E, on the consensus for FY2027, is 46.2.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (33.5 and 63.1). The price against its P/E range
- Price to earnings ratio (TTM)
- 50.70
- Five-year median P/E
- 47.60
- Five-year P/E range
- 33.5 – 63.1
- Forward P/E (FY2027)
- 46.23
- PEG ratio
- 4.52
- To the average target
- +5.5%
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