Costco Wholesale Corp. (NASDAQ: COST) stock is up during premarket trading on Thursday following the company's recent sales report. The stock's positive movement aligns with broader market trends, as the Consumer Discretionary sector and the S&P 500 both experienced slight gains. Costco's January Sales Surge 9.3%
Costco reported net sales of $21.33 billion for January, marking a 9.3% increase from $19.51 billion in the same month last year. The company also noted that comparable sales in the U.S. rose by 5.8%, while Canada saw an impressive increase of 11.4%.
In addition to the strong sales figures, Costco's total sales for the first 22 weeks of the fiscal year reached $123.16 billion, reflecting an 8.5% rise from $113.55 billion during the same period last year. The company reported that digitally-enabled sales surged by 34.4% for the month, contributing significantly to the overall growth.
Costco's Technical Strengths Highlighted
Costco stock is currently trading 3.2% above its 20-day simple moving average (SMA) and 8.2% above its 100-day SMA, demonstrating longer-term strength. Shares have decreased 6.19% over the past 12 months and are positioned closer to their 52-week highs than lows.
The RSI is at 64.84, which is considered neutral territory, while the MACD is below its signal line, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum.
- Key Resistance: $1,000.00
- Key Support: $950.00
Investors are looking ahead to the next earnings report on March 5, 2026.
- EPS Estimate: $4.52 (Up from $4.02 YoY)
- Revenue Estimate: $68.97 billion (Up from $63.72 billion YoY)
- Valuation: P/E of 52.4x (Indicates premium valuation)
The stock carries a Buy Rating with an average price target of $1058.50. Recent analyst moves include:
- Mizuho: Outperform (Raises Target to $1065.00) (Feb. 3)
- Telsey Advisory Group: Outperform (Maintains Target to $1100.00) (Feb. 2)
- Telsey Advisory Group: Outperform (Maintains Target to $1100.00) (Jan. 8)
COST Price Action: Costco Wholesale shares were up 1.19% at $990.00 during premarket trading on Thursday, according to Benzinga Pro data.