Truist reiterates Hold on Costco stock citing strong comps

• Truist reiterates Hold on Costco with $955 price target • Strong comparable sales and normalizing member growth noted • Stock trades at elevated P/E of 47.7 and appears overvalued Truist Securities reiterated its Hold rating on Costco Wholesale (COST) with a $955 price target. The firm highlighted Costco’s industry-leading comps and structural cost advantages but noted normalizing 3-4% member growth. The stock trades at a P/E of 47.7 and is considered overvalued. Other analysts set higher targets: Tigress $1,250, Baird $1,100, D.A. Davidson $1,040.