Costco price target raised to $900 from $805 at Argus

Argus raised the firm’s price target on Costco to $900 from $805 and keeps a Buy rating on the shares. The company continues to stand out for its consistent growth and high relevance to value-conscious customers, and its recent special dividend of $15.00 per share, paid on January 12, 2024, is tangible proof of the company’s financial strength, the analyst tells investors in a research note. Costco also has more cash than debt, even after the huge cash dividend, and it owns almost all of its stores, which is also a source of financial strength, the firm added.