Costco Wholesale’s (NASDAQ: COST) share price is projected to rise by at least 20%, potentially reaching new all-time highs, following a positive response to its Q2 fiscal year 2026 earnings report. The company reported a revenue increase of 9.1% year-over-year, totaling $69.6 billion, with comp-store sales growing by 6.7%. Notably, digital sales surged by 21.7%. Analysts have a consensus rating of “Moderate Buy,” suggesting further upward movement toward the $1,200 range.
Institutional investors, owning nearly 70% of Costco’s stock, are showing bullish behavior, with a buy-to-sell ratio exceeding $2 for every $1 sold over the past twelve months. Costco’s strong capital position is reflected in a 22% year-to-date cash increase to over $17.3 billion, and a significant reduction in long-term debt. These factors, combined with a projected special dividend that may exceed $15 per share, bolster the company’s favorable outlook for the rest of 2026.
