Costco Stock Rallies on Strong December Sales Performance, Analysts Maintain Positive Outlook
19 hours agoBusiness
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Costco Stock Rallies on Strong December Sales Performance, Analysts Maintain Positive Outlook

Costco's stock experienced a significant rally following the release of strong December sales figures. The company reported a 6.3% increase in U.S. comparable sales, with a two-year stacked growth exceeding 16%. Total sales for December rose 8.5% to $29.86 billion. Analysts, including UBS, reaffirmed positive ratings and price targets, citing consistent performance and investor confidence, with shares trading above their fair value.

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