tipranks.comSEP 222 min read$COST

Costco Stock (COST): Evercore Backs Retail Giant Ahead of Q4 Earnings — Here’s What It Expects

Evercore ISI analyst Greg Melich reaffirmed a Buy rating and $1,100 price target for Costco (COST) ahead of its Q4 earnings. He expects focus on membership fees, tariff refunds, and cash balance. Wall Street anticipates $94.85B revenue and $6.55 EPS, up 10% and 12% YoY respectively. Costco reported fiscal 2026 net sales of $297.3B, up 10.2%.

Original reporting

tipranks.com

Published Sep 22, 2026, 4:41 PM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Sep 22, 2026, 5:35 PM UTC. Informational, not investment advice.

How this was made

AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

About AlphAI AI Desk Scoring methodology Report an issue

Costco Stock (COST): Evercore Backs Retail Giant Ahead of Q4 Earnings — Here’s What It Expects — source image — Source · tipranks.com

Decision brief

The 30-second read

$COSTBullishHigh

Why it matters

The reaffirmed rating and elevated target provide fresh bullish impetus, likely encouraging short‑term buying ahead of the earnings release.

Market read

Analyst upgrade with a high price target can move the stock pre‑earnings, offering a trading opportunity.

What to watch

Potential headwinds from inflation‑driven consumer spending slowdown and tariff refund utilization.

Relevance 7/10Novelty 7/10Timing: pre‑earnings today

Background

Evercore ISI analyst Greg Melich reaffirmed his Buy rating on Costco (COST) and maintained a $1,100 price target ahead of the fiscal Q4 earnings scheduled for September 24.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$COSTBullishHigh confidence

Context

Evercore analyst Greg Melich reaffirmed a Buy rating and set a $1,100 price target for Costco ahead of its Q4 earnings release.

Expected impact

Potential upside of 20%+ if the rating influences buying pressure.

Evidence & confidence

Buy rating and elevated target from a reputable analyst often trigger short-term buying, especially before earnings.

Market effects

Sector

Positive outlook may boost other wholesale and membership‑based retailers.

Regional

U.S. consumer retail sector could see modest uplift.

Global

Limited to U.S. markets; no immediate global effect.

Counterpoint

What could challenge this read

If earnings miss expectations, the high target could lead to a sharp correction.

Key entities

Company
Costco Wholesale Corp.
U.S. wholesale retailer (ticker COST).
Analyst
Greg Melich
Evercore ISI analyst covering retail.

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