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Zain Akbari

Zain Akbari, CFA, is an equity analyst for Morningstar.

More From Zain Akbari

Our $368 per share valuation of wide-moat Costco should rise by a low- to mid-single-digit percentage, reflecting the combined impact of the time value of money, expected ongoing near-term sales strength as the delta variant of the coronavirus runs its course, and a strong end to fiscal 2021 (ended Aug. 29).
Zain Akbari

We suggest investors await a greater margin of safety, as Costco faces an uncertain normalization of spending habits once the pandemic ebbs.
Zain Akbari

Target’s balanced online and in-store growth in the quarter (with the latter seeing 11% comparable expansion despite the pandemic and rising e-commerce penetration) reinforces our faith in its use of stores as omnichannel fulfillment centers, but the shares’ trading price leaves no room for error despite accelerating retail digitization that creates cost and price pressure. So, we suggest long-term investors await a more attractive entry point.
Zain Akbari

More About Zain Akbari

Zain Akbari, CFA, is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers food companies, auto parts retailers, and information services firms.

Before joining Morningstar in 2015, Akbari spent several years at UBS, most recently leading the firm’s Liability Management, Americas team. During his time at UBS, Akbari structured and executed bond buybacks, exchange offers, and covenant modifications for investment-grade, high-yield, and convertible securities issued by American and Asian companies.

Akbari holds a bachelor’s degree in finance and real estate from The Wharton School of The University of Pennsylvania and master’s degree in business administration from the University of Chicago Booth School of Business.

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