- Telsey Advisory Group analyst Joseph Feldman reiterated its Outperform rating on Costco Wholesale Corp (NASDAQ:COST) shares with a price target of $590 (17% upside).
- The company reported a 20.4% increase in sales for the retail month of June to $22.78 billion.
- The analyst noted Costco reported an impressive June comparable sales growth of 18.1%, which is almost unheard of in retail these days.
- Feldman cited that Costco is performing well amidst a tough operating macro environment.
- He added that the company is likely to remain a share gainer, aided by strong sales and high membership renewal rates.
- Price Action: COST shares are trading higher by 1.60% at $502.85 on the last check Friday.
- Photo Via Wikimedia Commons
Hesai Reaches Strategic Cooperation With KargoBot, Empowering The Mass Production Of Autonomous Trucks
Today, Hesai Technology reached strategic cooperation with autonomous truck company, KargoBot. They will jointly promote the application of automotive-grade, hybrid solid-state lidar AT128 for L4 autonomous trucks,
