Costco stock closes above $1,000 as BofA restarts coverage ahead of earnings

NodeGuardian · 2026-03-11T06:05:06+00:00

Costco's stock rose 2.44% to over $1,000 after Bank of America issued a Buy rating. Investors await fiscal Q2 earnings on March 5, focusing on growth metrics amid high expectations in a "K-shaped economy."

NodeGuardian

2026-03-11 06:05:06

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Costco’s stock closed above $1,000, up 2.44%, after Bank of America restarted coverage with a Buy rating and a $1,185 target. The retailer is preparing for its fiscal Q2 earnings and February sales update on March 5, with investors focusing on traffic, pricing, and membership fees. Despite a high valuation and lofty expectations, its strong position in a “K-shaped economy” and commitment to value pricing are key factors.

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