Key Highlights

● COST closed at $946.92 on 9 October 2026, and the second data set's $1,061 mean target implies upside of about 12.0%.

● The mean draws on 39 analysts, with targets from $770 to $1,315, while market data shows a $1,046.27 consensus from 33 analysts.

● Market data shows 23 Buy, nine Hold and one Sell rating, a Moderate Buy consensus.

● Bank of America cut to $1,095 from $1,200 on 16 September, and Wells Fargo, Truist and JPMorgan cut targets on 25 September.

Costco Wholesale Corporation (NASDAQ:COST) is a membership warehouse retailer and a member of both the S&P 500 and the Nasdaq-100. The shares closed at $946.92 on Friday 9 October 2026, with the mean analyst target about 12% higher.

What Is the Latest Analyst Price Target?

The second data set reports a mean target of $1,061 and a median of $1,065 from 39 analysts, with a range of $770 to $1,315. Market data shows a consensus of $1,046.27 from 33 analysts and a high of $1,315, though its listed low of $16 is clearly erroneous.

Against the $946.92 close, the $1,061 consensus target suggests potential upside of about 12.0%.

What Are Wall Street Analysts Saying?

Market data shows a Moderate Buy consensus: 23 Buy, nine Hold and one Sell. The second data set shows 24 Buy or Strong Buy, 13 Hold, one Sell and one Strong Sell.

Recent September and October actions skew towards trimmed targets. Bank of America cut from $1,200 to $1,095 on 16 September, and on 25 September Wells Fargo went from $1,000 to $950, Truist from $1,011 to $955 and JPMorgan from $1,100 to $1,015. Deutsche Bank cut from $1,091 to $1,079 on 28 September. DA Davidson raised from $1,000 to $1,040, HSBC upgraded to Buy, Argus held Buy at $1,230, and Baird set $1,175. RBC (Sector Perform, $1,000) and Roth (Sell, $781) are the cautious voices.

What Could Help the Stock Reach the Price Target?

Market data says the latest quarterly earnings per share were $6.75 against $6.54 expected, and that fiscal 2026 ended with about 84.1 million paid members and a 92.3% US and Canada renewal rate. Membership growth and strong renewals could support earnings.

Digital sales growth and steady comparable sales are further factors.

What Could Prevent the Stock Reaching the Target?

The pattern of recent cuts suggests analysts are moving targets down towards the price. The 12% gap to consensus is built partly on higher targets set before those trims, such as Argus at $1,230 and Oppenheimer at $1,160.

Costco shares trade at a high valuation, so any slowdown in sales, margin pressure from tariffs or competition, or weaker membership trends could be punished. Roth's $781 Sell target shows the downside case.

What Should Investors Watch Next?

Items to watch include whether target trimming continues, monthly sales releases and renewal-rate trends.

Costco's 12% Gap Is Built Partly on Targets Set Before the Trims

Costco closed at $946.92 on 9 October 2026, with the $1,061 mean target about 12.0% higher, but the gap is built partly on higher targets set before the September trims, such as Argus at $1,230 and Oppenheimer at $1,160. Bank of America, Wells Fargo, Truist, JPMorgan and Deutsche Bank have all cut, while DA Davidson raised to $1,040 and HSBC upgraded to Buy. Market data says earnings per share were $6.75 against $6.54 expected, and Roth's $781 Sell target shows the downside case at a high valuation.