Costco Wholesale tests key support, shares trade near recent highs on Nasdaq

By Daniel Hoffmann, Chart & Technicals desk. Reviewed prior to publication on 2026-06-24, 07:05.

Costco Wholesale (US22160K1051) is trading close to a technically important support area around 950 dollars on the Nasdaq, a zone highlighted by several nine-month chart studies and options strategies published this week according to CNBC.A CNBC trading note points to the 950 dollar level as a key support for COST shares The stock thus sits at the intersection of a technical inflection point and solid fundamental momentum in the U.S. consumer staples segment.

What recent results show

Costco’s latest fiscal third-quarter 2026 numbers underline a robust operational backdrop behind the current chart picture, with total revenue reaching about 70.5 billion dollars, an increase of roughly 11.6 percent year-over-year.International Business Times highlights the Q3 revenue and growth metrics Net income rose to roughly 2.2 billion dollars, translating into diluted earnings per share around 4.93 dollars, showing mid-teens earnings growth compared with the prior-year quarter.

Comparable sales across the group climbed close to 10 percent, supported by double-digit increases in several regions including the United States, Canada, and international markets, while digitally enabled sales advanced about 21 percent over the same period.TheStreet’s earnings coverage points to strong comps and digital growth These numbers suggest that underlying demand for bulk essentials and membership-driven shopping remains resilient despite mixed macroeconomic signals such as tariff concerns and fuel price volatility.

Analysts stay broadly positive

Analyst sentiment toward Costco remains clearly constructive, with data from around 24 covering analysts pointing to an average 12-month share price target near 1,103 dollars, implying mid-teens upside versus recent trading levels according to TheStreet.TheStreet summarizes Wall Street’s target range and ratings for Costco Within that distribution, the highest published target sits around 1,315 dollars, while the most cautious estimate stands closer to 781 dollars, reflecting a range of valuation views.

Rating dispersion is nevertheless skewed toward positive recommendations, as roughly 16 of those analysts currently rate the shares as a Buy, seven carry Hold stances, and only one has a Sell rating on record.IBTimes also reports consensus expectations for revenue and earnings growth Consensus models cited in recent coverage envisage full-year earnings per share growing in the mid-teens percentages and revenue continuing to advance at a solid clip, driven by membership expansion, same-store sales growth, and an ongoing pipeline of new warehouse openings.

How the warehouse model earns

Costco Wholesale generates the bulk of its earnings through a membership-based warehouse club model that charges annual fees for access while offering a restricted but curated assortment of bulk goods, ranging from food staples and household supplies to electronics and apparel, typically at sharp unit prices.Costco’s annual report outlines the importance of membership fees within its revenue mix High renewal rates help create recurring revenue streams and cushion earnings against margin variability in the merchandise business.

Where the shares trade

The Costco Wholesale shares (US22160K1051) trade on the Nasdaq in New York, with recent prices quoted around the mid-950 dollar area in U.S. dollars during the latest session.

Disclaimer: This text is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or a solicitation of any transaction. All data are based on sources believed to be reliable but may be subject to change without notice.