Deutsche Bank cuts target for Costco Wholesale stock to USD 1,079.00

Published on 10/06/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q4 revenue hit USD 95.72 billion versus USD 94.97 billion consensus. Costco Wholesale stock costs EUR 820.95 on October 6, 2026, versus EUR 822.35.

Flatlay mit Aktienzertifikat, ISIN-Karte, Einkaufsliste und Einkaufswagen-Modell — Flatlay-Arrangement repräsentiert Costco Wholesale Corp. US22160K1051 mit Aktienzertifikat, ISIN-Karte und kleinem Einkaufswagenmodell, Illustration mit AI erstellt.

Costco Wholesale (ISIN US22160K1051) was trading at EUR 820.95 at Lang & Schwarz on October 6, 2026 at 11:15 a.m. CEST, down 0.17 percent from the EUR 822.35 prior close. Deutsche Bank cut its Costco target from USD 1,091.00 to USD 1,079.00 in a report dated September 28, 2026, according to MarketBeat.

Target reset follows strong quarter

Costco reported USD 95.72 billion in total revenue for the 16-week fourth quarter ended August 30, 2026, up from USD 86.16 billion a year earlier. The result exceeded the USD 94.97 billion consensus estimate, while diluted earnings per share reached USD 6.75 against a USD 6.54 estimate, according to Yahoo Finance.

The company also delivered 9.4 percent comparable-sales growth in the quarter, or 6.7 percent after excluding gasoline-price and foreign-exchange effects. Digitally enabled comparable sales increased 19.5 percent, giving the results a broader base than fuel-driven revenue alone.

Membership and digital sales carry growth

Costco's fourth-quarter net income rose to USD 2.998 billion from USD 2.610 billion in the comparable period, while membership fees increased to USD 1.850 billion from USD 1.724 billion. The figures show why the membership model remains central to profit growth even as the gross margin rate moved to 11.02 percent from 11.13 percent.

For fiscal year 2026, net sales rose 10.1 percent to USD 297.2 billion and net income reached USD 9.226 billion, compared with USD 8.099 billion in fiscal 2025. The company ended the fiscal year with 939 warehouses and plans to open 33 warehouses in fiscal 2027, including five relocations, as reported in the Costco investor release.

Valuation keeps the bar high

MarketBeat listed 22 buy, 10 hold and one sell rating among 33 firms, with an average 12-month target of USD 1,046.27. Its target range included USD 1,000.00 from Royal Bank of Canada and USD 1,100.00 from Jefferies after target reductions dated September 25, 2026.

The contrast is clear: operating growth remains double digit in several key measures, while the target revisions point to a more selective valuation debate. Costco Wholesale stock was at EUR 820.95 at Lang & Schwarz on October 6, 2026 at 11:15 a.m. CEST, minus 0.17 percent versus the EUR 822.35 prior close. The further course of trading is shown by the continuously updated real-time quote of Costco Wholesale stock.