Costco stock climbs on Mizuho’s $1,000 call as December sales report nears
Costco shares rose 2.5% to $875.74 in after-hours trading Monday after Mizuho upgraded the stock and raised its price target to $1,000. The move comes ahead of Costco’s December sales report, due Jan. 7, which investors will watch for signs of steady traffic and membership growth. Mizuho cited strong demand and predicted high single-digit sales growth in coming quarters.