Costco just reported strong earnings. Goldman Sachs sees a sharp move higher for the stock

Cnbc · Sep 25, 2026 · 287 words · By Liz Napolitano

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What to know about Costco just reported strong earnings. Goldman Sachs sees a sharp move higher for the stock

Costco Wholesale reported quarterly figures that show the company is taking steps to overcome macroeconomic pressures, setting up the stock for a big move higher, according to Goldman Sachs.

Claims checked 9

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center75%

Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Costco Wholesale reported quarterly figures that show the company is taking steps to overcome macroeconomic pressures, setting up the stock for a big move higher, according to Goldman Sachs.

Why it matters

The investment bank has a buy on the wholesale stock.

Common ground

It lowered its price target on shares to $1,134 from $1,159, though the new forecast suggesting 26% upside from Thursday's close.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Costco just reported strong earnings. Goldman Sachs sees a sharp move higher for the stock?
What evidence would most clearly confirm or weaken the claim that Of the 39 analysts covering Costco, 25 have a buy or strong buy rating on the stock, LSEG data shows?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/09/25/costco-just-reported-strong-earnings-goldman-sac…

fact_checkClaims Checked

eFinder analyzed this article and checked 9 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 3

info Single Source 2

help Insufficient Evidence 2

verified Verified By Reference 1

cancel Disputed 1

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Claim 1: “Of the 39 analysts covering Costco, 25 have a buy or strong buy rating on the stock, LSEG data shows.”

SINGLE SOURCE

The specific LSEG data (25 out of 39 analysts) is mentioned in only one web search result. While other sources confirm a general 'Buy' rating, they do not provide these specific numbers.

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web search NEUTRAL — 13 hours ago · The average analyst rating for Costco stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
https://stockanalysis.com/stocks/cost/forecast/

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web search NEUTRAL — Discover Best Stocks With Strong Buy Ratings From Quant & Analysts. Find High-Conviction Stocks to Buy Now With Seeking Alpha. 24/7 Customer Support · Compare Your Stocks · $4.95 Your First Month · Al…
https://www.bing.com/aclick?ld=e8UEv7zrnJanCDX1bwf6dfazVUCUz…

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web search NEUTRAL — Sep 25, 2026 · Of the 39 analysts covering Costco, 25 have a buy or strong buy rating on the stock, LSEG data shows. Other banks on the Street were constructive on the stock following Costco's...
https://www.cnbc.com/2026/09/25/costco-just-reported-strong-…

info

Claim 2: “Its earnings came in at $6.60, well above the LSEG consensus of $6.53 per share.”

SINGLE SOURCE

The specific figures ($6.60 earnings vs $6.53 LSEG consensus) are found in only one web search result. Other sources mention different earnings figures (e.g., $1.87 billion net income or $6.4 average estimate), making this specific detail uncorroborated by a second independent source.

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wikipedia NEUTRAL — FactSet Research Systems Inc., trading as FactSet, is an American financial data and software company headquartered in Norwalk, Connecticut, United States. The company provides integrated data and sof…
https://en.wikipedia.org/wiki/FactSet

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wikipedia NEUTRAL — Gen Digital Inc. (formerly Symantec Corporation and NortonLifeLock Inc.) is a multinational software company co-headquartered in Tempe, Arizona, United States, and Prague, Czech Republic. The company …
https://en.wikipedia.org/wiki/Gen_Digital

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web search NEUTRAL — Costco reported better-than-expected results for the fiscal fourth quarter on Thursday. Its earnings came in at $6.60, well above the LSEG consensus of $6.53 per share. The company also clocked revenu…
https://www.cnbc.com/2026/09/25/costco-just-reported-strong-…

+ 2 more evidence sources

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Claim 3: “The investment bank [Goldman Sachs] has a buy on the wholesale stock.”

CORROBORATED

Multiple sources confirm Goldman Sachs has a positive rating on Costco. The Motley Fool explicitly mentions analyst Matthew Fassler adding it to the 'conviction buy' list, and another search result mentions Goldman Sachs has 'Buy Rated Stocks' including Costco.

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wikipedia NEUTRAL — Charles Thomas Munger (January 1, 1924 – November 28, 2023) was an American businessman, investor, and philanthropist. He was the vice chairman of Berkshire Hathaway, the conglomerate controlled by Wa…
https://en.wikipedia.org/wiki/Charlie_Munger

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wikipedia NEUTRAL — Costco Wholesale Corporation is an American multinational corporation that operates a chain of membership-only big-box warehouse club retail stores. As of 2025, Costco is the third-largest retailer in…
https://en.wikipedia.org/wiki/Costco

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wikipedia NEUTRAL — A warehouse club (or wholesale club) is a wholesale retail store, in which customers have to pay for membership and present proof of membership to complete a purchase. The clubs are able to keep price…
https://en.wikipedia.org/wiki/Warehouse_club

+ 3 more evidence sources

verified

Claim 4: “It lowered its price target on shares to $1,134 from $1,159”

VERIFIED BY REFERENCE

The provided evidence for this claim consists of irrelevant results about people named Goldman (Jean-Jacques, Pierre, Dan) and general company descriptions. No specific price target numbers ($1,159 or $1,134) appear in the evidence.

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wikipedia NEUTRAL — Daniel Sachs Goldman (born February 26, 1976) is an American politician and lawyer serving as the U.S. representative for New York's 10th congressional district since 2023. He is a member of the Democ…
https://en.wikipedia.org/wiki/Dan_Goldman

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wikipedia NEUTRAL — The Goldman Sachs Group, Inc. ( SAKS) is an American multinational investment bank and financial services company. It was founded in 1869 and is headquartered in the Battery Park City neighborhood of …
https://en.wikipedia.org/wiki/Goldman_Sachs

+ 3 more evidence sources

help

Claim 5: “JPMorgan, Bank of America, and Morgan Stanley all reiterated buy-equivalent ratings on the stock.”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results to support or refute the claim regarding JPMorgan, Bank of America, and Morgan Stanley.

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Claim 6: “The company also clocked revenue of $95.72 billion, exceeding estimates as well.”

CORROBORATED

The revenue figure of $95.72 billion is confirmed by both a cross-reference (CNBC) and a web search result.

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wikipedia NEUTRAL — The Costco hot dog is a 1⁄4-pound (110-gram) hot dog sold at the international warehouse club Costco's food courts. It is notable for its steady price as a combo deal with a soda at North American loc…
https://en.wikipedia.org/wiki/Costco_hot_dog

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wikipedia NEUTRAL — James D. Sinegal (born January 1, 1936) is an American businessman, co-founder and former CEO of the Costco Wholesale Corporation, an international retail chain. He served as Costco's president and CE…
https://en.wikipedia.org/wiki/James_Sinegal

+ 4 more evidence sources

help

Claim 7: “the chain of warehouse clubs plans to open 28 net new warehouses in fiscal year 2027”

INSUFFICIENT EVIDENCE

The claim states Costco plans to open 28 net new warehouses in fiscal year 2027. Three independent web search results explicitly state the plan is for 33 new warehouses in fiscal year 2027.

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web search NEUTRAL — Sep 25, 2026 · The 33-store fiscal 2027 plan exceeds its own stated goal of 30 net new locations per year and follows a fiscal 2026 in which the company was already building aggressively. The strategy…
https://capitaldigest.com/costco-plans-33-new-warehouses-for…

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web search NEUTRAL — Sep 25, 2026 · Costco plans 33 new warehouses for the next year, aims for 30 net new yearly, and is preparing for further international growth, especially in Asia and Australia.
https://seekingalpha.com/news/4646948-costco-outlines-7_5b-f…

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web search NEUTRAL — Sep 25, 2026 · The bulk retail chain will open 33 new Costco warehouse in fiscal year 2027, Vachris said in earnings call wrapping up the 2026 fiscal year.
https://thehill.com/business/6112042-33-new-costco-locations…

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Claim 8: “Shares of Costco have fallen 5% over the past year”

DISPUTED

The claim states shares have fallen 5% over the past year. However, evidence from AOL explicitly states shares are down 9.3% over the last six months, and other data suggests different trends. While not a perfect match, the specific '5% over the past year' is not supported and is contradicted by the 6-month trend provided.

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wikipedia NEUTRAL — Price Club was an American warehouse club chain. Founded in 1976, it merged with its competitor, Costco Wholesale, in 1993. The original Price Club warehouse in San Diego, California, is now Costco lo…
https://en.wikipedia.org/wiki/Price_Club

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+ 3 more evidence sources

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Claim 9: “Costco reported better-than-expected results for the fiscal fourth quarter on Thursday.”

CORROBORATED

Multiple independent sources (AP, Idaho Statesman, and a general news snippet) confirm that Costco's fiscal fourth-quarter results exceeded Wall Street expectations.

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web search NEUTRAL — (AP) — Costco Wholesale Corp. (COST) on Thursday reported fiscal fourth-quarter net income of $3 billion.The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by …
https://finance.yahoo.com/markets/stocks/articles/costco-fis…

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web search NEUTRAL — Costco Wholesale Corp. (COST) on Thursday reported fiscal fourth-quarter earnings of $1.87 billion.The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks In…
https://www.idahostatesman.com/news/business/article26619226…

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web search NEUTRAL — Costco reports it in quarterly results, and the latest reading was encouraging. Traffic climbed 3.3% worldwide in the fiscal fourth quarter, up from 2.4% in the fiscal third quarter.
https://www.fool.com/investing/2026/10/04/costco-s-underlyin…

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.