Markets

Costco’s Price Target Boosted at Piper Jaffray (COST)

Membership warehouse operator Costco Wholesale Corporation ( COST ) on Monday saw its price target raised by analysts at Piper Jaffray.

The firm maintained its "Overweight" rating on COST and lifted its price target from $83 to $91. That new target suggests an 11% upside to the stock's Friday closing price of $82.13.

Costco shares, which have risen nearly 14% year-to-date, were unchanged in premarket trading Monday.

The Bottom Line

Shares of Costco ( COST ) have a 1.17% dividend yield, based on Friday's closing stock price of $82.13. The stock has technical support in the $75-$79 price area. If the stock can firm up, we see overhead resistance around the all-time high price levels of $85-$86 a share.

Costco Wholesale Corporation ( COST ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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