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Phillip Blee Recommends ‘Buy’ for Costco Amid Strong Sales Growth and Strategic Expansion

William Blair analyst Phillip Blee has maintained their bullish stance on COST stock, giving a Buy rating today.

Phillip Blee has given his Buy rating due to a combination of factors, including Costco’s impressive financial performance in March 2025. The company reported a significant increase in monthly sales, reaching $25.5 billion, which marks an 8.6% growth compared to the previous year. This growth is attributed to a robust 9.1% rise in comparable sales and the addition of 27 new warehouses, representing a 3.1% increase in units.
Furthermore, despite external challenges such as foreign exchange impacts and gas price deflation, Costco’s total adjusted comparable sales still saw a notable increase of 9.1%. These positive indicators, alongside the strategic expansion of their warehouse network, underpin Blee’s confidence in Costco’s continued growth potential, justifying the Buy rating.

In another report released today, Loop Capital Markets also maintained a Buy rating on the stock with a $1,045.00 price target.

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