Costco Wholesale (NASDAQ:COST) Stock Price Rises 0.3% - Is It a Good Investment?

Costco Wholesale Co. (NASDAQ:COST) saw its stock price increase by 0.3% during mid-day trading on Monday. The shares reached a high of $943.50 before closing at $942.33. A total of 717,178 shares changed hands, which is a significant drop of 60% compared to the average trading volume of 1,779,074 shares. The previous closing value was $939.68.

New Price Targets Set by Analysts

Several equity research analysts have provided updates on Costco's stock. Citigroup recently raised its price target from $800.00 to $1,060.00, maintaining a "neutral" rating. Meanwhile, Tigress Financial reiterated a "buy" rating with a price target of $1,065.00. In addition, Barclays adjusted their price objective from $850.00 to $940.00, rating the stock as "equal weight." TD Cowen also increased their target from $975.00 to $1,090.00, giving it a