Technical Analysis
Based on the latest data, COST is currently trading at $943.50. The technical indicators show:
News Impact Analysis
A major risk event has emerged - the Teamsters union announced that 85% of Costco workers voted to authorize a strike, with the current contract expiring January 31, 2025. This labor dispute could significantly impact operations if not resolved.
Price Projections for Next Week
Based on Fibonacci levels:
Trading Recommendation
SELL with target price of $905 for next week based on:
The stock is expected to face downward pressure due to the imminent strike threat and technical indicators showing weakness. Traders should closely monitor strike negotiations as the January 31 deadline approaches.
The price of COST is predicted to go up 6.65%, based on the high correlation periods with RCMT. The similarity of these two price pattern on the periods is 98.33%.
COST
RCMT
Year
COST Price Forecast($)
Potential Return(%)
2025
1,050.000
14.560
2026
1,200.000
30.920
2027
1,200.000
30.920
2028
1,200.000
30.920
2029
1,500.000
62.560
2030
1,500.000
62.560
Costco maintains a proven formula for successfully translating its operations across borders and faces minimal direct competition abroad, implying a long runway of growth prospects.
With unmatched scale and plentiful consumer data, Costco's pricing and value proposition remain superior relative to competing retailers and should be difficult to replicate.
Since inception, Costco has impressively driven robust shareholder returns through prudent organic reinvestments in price and warehouse expansion, and we don't think it will veer from this course.
Wells Fargo
Price Target
$950 → $1,000
Upside
+1.08%
DA Davidson
Price Target
$880 → $900
Upside
-9.03%
TD Cowen
Price Target
$975 → $1,090
Upside
+10.17%