Costco price target raised to $745 from $635 at Tigress Financial

Tigress Financial raised the firm’s price target on Costco to $745 from $635 and keeps a Buy rating on the shares. The firm believes that the company’s loyal customer base and resilient business model, combined with an increasing tailwind from lower commodity costs, will continue to drive solid performance, growth, and long-term shareholder value creation, the analyst tells investors in a research note. Tigress further cites Costco’s ongoing expansion of its global e-commerce capabilities, delivery service offerings, membership growth, and ongoing expansion of healthcare services serving as “key business catalysts” for the company.