BofA revisits Costco stock price target after= sales surprise

I person a mentation astir Costco. When the system gets confusing, erstwhile tariffs are rising, ostentation is creeping back, and cipher is rather definite what happens next, radical don't halt spending.

They conscionable get smarter astir wherever they spend.

Costco (COST) is wherever astute spending goes.

That mentation got caller enactment this week. April income information showed full nett income of $23.92 cardinal for the 4 weeks ended May 3, 2026, up 13% twelvemonth implicit year, according to Costco’s monthly income release.

Bank of America reviewed the numbers successful a enactment shared with TheStreet and maintained its Buy standing with a $1,185 terms target, implying meaningful upside from the existent terms astir $1,012.

"Costco's comp consistency continues to radiance during this ongoing play of macro uncertainty and volatility," BofA said successful the note.

That consistency is the full story. COST is up 17.77% year-to-date against the S&P 500's 8.11% gain, according to Yahoo Finance.

BofA is sticking with its Costco $1,185 terms people aft a beardown April comp

The April comparable income fig requires 1 accommodation earlier it tells the afloat story. Easter fell 1 buying time earlier this year, inflating the reported figure.

Stripping that out, BofA calculated the adjusted U.S. comparable income fig astatine 6.3%, according to the enactment shared with maine astatine TheStreet.

That is simply a deceleration from March's 7.7%, but BofA flagged that the two-year stacked examination really improved. In different words, Costco is increasing faster connected a sustained ground than the single-month fig suggests.

Related: BofA resets Google banal terms people aft net smasher

Traffic was astir unchangeable period implicit period erstwhile adjusting for Easter. Ticket maturation decelerated to 3.4% from 4.6% successful March, though March benefited from consumers stocking up up of the holiday.

The strongest U.S. regions successful April were the Midwest, Southeast, and Northeast, according to BofA.

The integer transmission continues to outrun the carnal business. Digital income grew 18.4% successful April, according to the enactment - a continuation of the acceleration that produced 22.6% maturation successful the 2nd quarter.

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Costco has deployed personalized proposal exertion that drove implicit $470 cardinal successful e-commerce income successful Q2 alone, according to the company's March net telephone compiled by TipRanks.

My work of that trajectory is that Costco's integer concern is becoming a genuine maturation motor alternatively than conscionable a supplement to the warehouse experience.