Street View: Member loyalty, store expansion seen underpinning Costco's growth

** Warehouse club operator Costco Wholesale COST.O beat quarterly estimates on Thursday, helped by strong comparable sales as inflation-weary consumers sought cheaper fuel and value at its warehouses

** Median PT of 39 brokerages covering the stock is $1,095 - LSEG-compiled data

CART KEEPS ROLLING

** Morgan Stanley ("overweight," PT: $1,130) says COST continues to deliver solid earnings growth despite slower membership gains, while new store openings could help membership growth accelerate in fiscal 2028

** Jefferies ("buy," PT: $1,130) says consumer spending environment will be an important factor for Costco going forward

** "With gas prices elevated and household budgets under pressure, COST appears well-positioned to continue gaining share," it adds

** RBC Capital Markets ("sector perform," PT: $1,000) says future performance will hinge on transaction trends, including the impact of reinvested tariff refunds, and membership growth

** TD Cowen ("buy," PT: $1,175) says sustained comparable-sales momentum and growing adoption of personalization, AI-driven discovery, and delivery should support longer-term customer engagement and spending