Analysts Cut Costco (COST) Price Targets After a Q4 Beat and the Stock Rose Anyway

Costco Wholesale Corporation (NASDAQ:COST) reported fourth-quarter results on September 24 that came in ahead of expectations, with net sales up 11.2% to $93.9 billion and earnings of $6.75 a share. At least eight research firms lowered their price targets the following day. The shares rose 2.93% to close at $922.77. READ ALSO: Jim Cramer Says Costco (COST) "Stock's Acting Poorly"Analysts Cut Costco (COST) Price Targets After a Q4 Beat and the Stock Rose Anyway The Quarter Itself Went Almost Entirely Costco's Way: Comparable sales rose 9.4% across the company and 10.7% in the United States. Digitally enabled sales grew 19.5%, which remains the fastest-moving part of the business.