Truist reiterates Hold on Costco stock, cites valuation concerns

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil extends weekly gains as Iran conflict rages on, with crude surging around 18% Trump replaces Homeland Security chief Kristi Noem Wall Street ends lower on escalating Iran conflict, report of AI export curbs Trump says he must be involved in selecting Iran’s next leader (South Africa Philippines Nigeria) Truist reiterates Hold on Costco stock, cites valuation concerns By Analyst Ratings Published 03/05/2026, 06:14 PM Truist reiterates Hold on Costco stock, cites valuation concerns 0 COST -2.40% Investing.com - Truist Securities reiterated a Hold rating on Costco Wholesale (NASDAQ:COST) stock with a $926.00 price target. The company posted U.S. adjusted comparable sales of 6.4% and enterprise adjusted comparable sales of 6.7%, both nearly matching Truist’s projections. Costco is on track for a roughly $300 billion sales run-rate this fiscal year. Truist said Costco continues to gain market share across almost all classes of trade due to its value proposition, including procurement costs and low markup. The company is heavily exposed to higher-income households, which have performed better than other consumer segments. The stock trades at approximately 45 times forward earnings, down from roughly 55 times when Truist downgraded the shares in September 2024. Truist said the valuation has improved as the company has grown into it. The current P/E ratio stands at 52.55, and InvestingPro analysis indicates the stock is overvalued relative to its Fair Value, placing it among companies on the Most Overvalued list. This aligns with an InvestingPro Tip noting Costco is "trading at a high earnings multiple." The firm maintained its Hold rating, citing the stock’s relatively expensive valuation despite becoming more attractive than in recent months. For deeper insights, investors can access Costco’s comprehensive Pro Research Report, one of 1,400+ available on InvestingPro, which transforms complex data into actionabl...