Is Costco stock a buy hold or sell?
It is also well below the average price target of about US$775, according to Refinitiv. Most analysts remain bullish on the stock, which has 25 buy recommendations, 12 holds and no sells. If you aren't bothered by Costco's valuation and still intend to invest, there are a couple of ways to go about it.
Is Costco stock a good buy right now?
You can tell just by a glance at its share price chart that Wall Street loves Costco Wholesale (NASDAQ: COST) right now. The warehouse retailer is trading near all-time highs, having jumped over 50% since early 2023. That's a better performance than many popular tech stocks have managed during this time.
Is Costco stock overvalued or undervalued?
Key Points. Stock valuations can be subjective, but shares of Costco appear to be objectively overvalued. The retail giant has a great business model that has delighted both customers and shareholders. But BJ's Wholesale Club offers investors the same model -- and at a more reasonable valuation.
What is the 5 year forecast for Costco stock?
Costco stock price stood at $734.80
According to the latest long-term forecast, Costco price will hit $1000 by the end of 2024 and then $1100 by the middle of 2025. Costco will rise to $1300 within the year of 2026, $1500 in 2027, $1700 in 2028, $1800 in 2029, $2000 in 2031 and $2500 in 2035.
What is the stock price prediction for Costco in 2024?
According to our current COST stock forecast, the value of Costco shares will drop by -3.08% and reach $ 719.85 per share by March 26, 2024.
Is Costco stock expected to go up?
Stock Price Forecast
The 25 analysts with 12-month price forecasts for Costco stock have an average target of 699.72, with a low estimate of 502 and a high estimate of 870. The average target predicts a decrease of -4.77% from the current stock price of 734.80.
Is Costco a long term buy?
But its solid business model, with high expansion opportunities leading to ever-increasing members, is a long-term tailwind that sets it up for future success. Costco is a stock you can buy today and hold forever.
Should you buy sell or hold Costco stock?
Is COST a Buy, Sell or Hold? Costco has a conensus rating of Strong Buy which is based on 20 buy ratings, 6 hold ratings and 0 sell ratings.
Why is Costco stock dropping so much?
Shares of membership-only discount retailer Costco (NASDAQ:COST) fell 7.7% in the afternoon session after the company reported fourth-quarter results with revenue falling short of analysts' expectations. Free cash flow also underwhelmed during the quarter with the company recording a significant amount of cash burn.
Why is Costco a good buy?
Key Points. Costco boasts a successful history of steady sales and earnings growth, with more on the horizon. Operating a membership-based model drives customer loyalty and repeat-purchase behavior. The current valuation has never been higher this century, so investors need to practice patience.
What is the highest Costco stock has ever been?
Historical daily share price chart and data for Costco since 1986 adjusted for splits and dividends. The latest closing stock price for Costco as of March 22, 2024 is 734.80. The all-time high Costco stock closing price was 785.59 on March 07, 2024.
Who has the most stock in Costco?
The top individual insider shareholders of Costco are Craig Jelinek, Charles Munger, and Patrick Callans, and the top institutional shareholders are Vanguard Group Inc., BlackRock Inc., and State Street Corp.
What is Costco stock return for 10 years?
Returns By Period
Costco Wholesale Corporation had a return of 11.48% year-to-date (YTD) and 55.20% in the last 12 months. Over the past 10 years, Costco Wholesale Corporation had an annualized return of 23.15%, outperforming the S&P 500 benchmark which had an annualized return of 10.89%.
Why do people like Costco?
When compared to other similar retailers, Costco's competitive advantage lies in its own private label, its discount prices, and its membership dues. This has provided customers with a product that they can rely on at low prices.
How much was Costco stock in 1998?
The closing price for Costco Wholesale (COST) in 1998 was $24.35, on December 31, 1998. It was up 61.8% for the year. The latest price is $734.80.
How much will Tesla stock be in 2025?
Based on the most bullish and bearish projections from leading research firms, our model suggests Tesla's stock price could range from $180 per share on the low end to as high as $364 per share by December 2025.
Is AMZN a buy right now?
The highest analyst price target is $230.00 ,the lowest forecast is $175.00. The average price target represents 17.17% Increase from the current price of $178.87. Amazon's analyst rating consensus is a Strong Buy. This is based on the ratings of 41 Wall Streets Analysts.
What happens when Costco is out of stock?
Once an item has sold out, it's automatically removed from Costco.com, or you'll see the "Out of Stock" banner added to the product page. Items are also continually added to Costco.com, re-stocking existing merchandise as well as expanding what we offer.
Is NVDA a good buy?
Nvidia currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
Is Costco a safe stock?
Costco could be a good long-term buy -- but at its current multiple, investors are paying for a lot of future earnings growth. If you want to hang on to it for decades, then it could still be a good investment for you.
Is Costco financially healthy?
With a balance sheet considered best-in-class, showing significant net cash even after substantial dividend payments, Costco stands out with solid financial health. The outlook for the company remains positive with raised earnings estimates and a new, higher price target, reinforcing the Buy rating.
What is Costco's future?
Costco Wholesale is forecast to grow earnings and revenue by 7.4% and 6.3% per annum respectively. EPS is expected to grow by 9.6% per annum. Return on equity is forecast to be 25.8% in 3 years.
Will Costco stock reach $1,000?
But I believe that Costco's P/E ratio could actually contract because of how expensive it is right now, and this creates downside risk for investors. Don't expect the $1,000 mark to be met in 2024. And for investors who are drawn to the business, it's best to practice patience and wait for a better valuation.
When should you buy sell or hold a stock?
The best time to buy a stock is when an investor has done their research and due diligence, and decided that the investment fits their overall strategy. With that in mind, buying a stock when it is down may be a good idea – and better than buying a stock when it is high.
Why is Costco stock so high?
Strong customer loyalty, profitable store growth, and consistently higher profitability have led to an ever-increasing share price. That means you'll pay up to buy the shares. Costco's price-to-earnings (P/E) ratio stands at 49. That's much higher than the S&P 500's P/E multiple of 27.
References
- https://finance.yahoo.com/news/investors-buy-costco-wholesale-stock-075900571.html
- https://coincodex.com/stock/KIRK/price-prediction/
- https://investorplace.com/2023/12/5-investors-betting-big-on-costco-cost-stock-2/
- https://www.quora.com/Does-Costco-have-any-cashiers-If-not-why-not-Are-their-prices-still-low-compared-to-other-stores
- https://coincodex.com/stock/COST/price-prediction/
- https://investorplace.com/market360/2023/11/7-blue-chip-stocks-that-wont-do-you-wrong/
- https://www.investopedia.com/articles/insights/061116/top-5-costco-shareholders-cost.asp
- https://www.costco.com/why-costco-careers.html
- https://www.investopedia.com/ask/answers/031915/what-qualifies-company-blue-chip.asp
- https://www.theglobeandmail.com/investing/education/article-costcos-stock-just-went-on-sale-but-its-still-not-cheap/
- https://investorplace.com/2024/01/why-now-is-a-great-time-to-buy-costco-stock/
- https://finance.yahoo.com/news/why-costco-one-best-stocks-134500660.html
- https://www.nerdwallet.com/article/investing/blue-chip-stocks
- https://dfi.wa.gov/securities-registration/securities-exemption-tables
- https://investorplace.com/2024/02/3-blue-chip-stocks-that-appeal-to-growth-hungry-investors/
- https://www.fool.com/investing/2024/01/24/history-costco-stock-overvalued-investors-2024/
- https://www.fool.com/investing/2023/10/18/1-reason-buffett-love-avoid-costco-stock/
- https://stockinvest.us/stock/KIRK
- https://www.statmuse.com/money/ask/costco-stock-price-in-1997
- https://paymentdepot.com/blog/8-things-retailers-can-learn-costco-one-thing-not-follow/
- https://finance.yahoo.com/news/costco-wholesales-true-worth-complete-153557830.html
- https://www.upbeacon.com/article/2023/09/staff-opinion-costco-the-best-store-for-everyone
- https://investor.costco.com/news/news-details/2024/Costco-Wholesale-Corporation-Reports-Second-Quarter-and-Year-to-Date-Operating-Results-for-Fiscal-2024-and-February-Sales-Results/default.aspx
- https://www.fool.com/investing/2024/03/17/investors-love-costco-stock-but-its-smaller-rival/
- https://www.thedailymeal.com/1309840/really-like-work-costco-according-employees/
- https://finance.yahoo.com/news/why-costco-stock-took-step-162517605.html
- https://investorplace.com/2024/02/blue-chip-bonanza-3-rock-solid-stocks-to-grab-in-february-2024/
- https://bstrategyhub.com/costco-swot-analysis/
- https://www.statmuse.com/money/ask/costco-stock-price-in-1998
- https://markets.businessinsider.com/news/stocks/strong-buy-rating-for-costco-amidst-outstanding-financial-performance-and-membership-growth-1033145107
- https://www.spaceship.com.au/learn/what-are-blue-chip-stocks/
- https://www.nasdaq.com/articles/3-blue-chip-retail-stocks-to-navigate-changing-market-dynamics
- https://finance.yahoo.com/news/12-best-blue-chip-stocks-154713860.html
- https://www.cnet.com/home/kitchen-and-household/how-much-can-i-save-shopping-at-costco/
- https://markets.businessinsider.com/news/stocks/its-time-3-failing-blue-chip-stocks-to-sell-in-february-1033080869
- https://www.cnn.com/2024/01/30/investing/premarket-stocks-trading/index.html
- https://finance.yahoo.com/news/top-5-blue-chip-stocks-120800318.html
- https://companiesmarketcap.com/costco/total-debt/
- https://finance.yahoo.com/news/nvidia-nvda-great-momentum-stock-160007209.html
- https://www.nasdaq.com/articles/costco-nasdaq:cost:-a-top-stock-to-weather-a-recession
- https://www.indmoney.com/articles/top-5-stocks-to-invest
- https://fintel.io/so/us/cost
- https://en.as.com/latest_news/costco-salaries-what-are-the-highest-and-lowest-paying-jobs-at-the-company-n/
- https://hbr.org/2024/03/lessons-from-costco-on-sustainable-growth
- https://simplywall.st/stocks/us/consumer-retailing/nasdaq-cost/costco-wholesale/future
- https://www.fool.com/the-ascent/personal-finance/articles/costco-bjs-or-sams-which-one-do-americans-love-the-most/
- https://www.fool.com/investing/2024/03/23/2-reasons-to-buy-costco-stock-1-reason-to-avoid-it/
- https://www.fool.com/investing/2024/01/14/can-costco-stock-hit-1000-in-2024/
- https://finance.yahoo.com/news/why-costco-cost-stock-falling-205313927.html
- https://www.investopedia.com/terms/b/bluechip.asp
- https://www.macrotrends.net/stocks/charts/COST/costco/stock-price-history
- https://www.usatoday.com/money/blueprint/investing/best-blue-chip-stocks/
- https://coinpriceforecast.com/cost-stock
- https://www.cnbc.com/2024/01/20/is-costcos-120-executive-membership-actually-a-good-deal.html
- https://stockanalysis.com/stocks/cost/forecast/
- https://finance.yahoo.com/news/costco-stock-bull-vs-bear-123000599.html
- https://www.nasdaq.com/articles/can-costco-become-a-trillion-dollar-stock-by-2030
- https://www.gurufocus.com/term/rank_balancesheet/COST/Financial-Strength/Costco-Wholesale
- https://www.quora.com/Is-the-owner-of-Costco-Mormon
- https://www.investopedia.com/stock-analysis/040915/3-reasons-costco-great-company-cost.aspx
- https://portfolioslab.com/symbol/COST
- https://www.fool.com/investing/2024/03/04/is-it-too-late-to-buy-costco-stock/
- https://www.quora.com/Why-is-Costco-succeeding-despite-competition-from-Walmart-and-Amazon
- https://investor.costco.com/news/news-details/2023/Costco-Wholesale-Corporation-Reports-Fourth-Quarter-and-Fiscal-Year-2023-Operating-Results/default.aspx
- https://www.marketwatch.com/investing/stock/cost/analystestimates
- https://www.nasdaq.com/articles/here-are-5-of-costcos-most-popular-products
- https://www.fool.com/investing/2024/03/08/why-costco-stock-took-a-step-back-today/
- https://www.fool.com/investing/2023/11/29/2-stocks-to-set-you-up-through-a-market-downturn/
- https://www.fool.com/investing/2024/01/23/is-this-the-1-secret-to-costcos-success/
- https://www.sofi.com/learn/content/when-to-buy-stocks/
- https://stockinvest.us/stock/COST
- https://www.fool.com/investing/2024/02/11/where-will-costco-stock-be-in-10-years/
- https://finance.yahoo.com/news/decoding-costco-wholesale-corp-cost-053059255.html
- https://www.investopedia.com/terms/b/bluechipstock.asp
- https://www.fool.com/investing/stock-market/types-of-stocks/blue-chip-stocks/
- https://www.tipranks.com/stocks/cost/forecast
- https://www.fool.com/investing/2024/02/12/where-will-costco-stock-be-in-5-years/
- https://www.statmuse.com/money/ask/costco-stock-price-in-2008
- https://adainsights.com/blog/walmart-vs-costco-different-approach-same-result
- https://en.wikipedia.org/wiki/Costco
- https://www.macrotrends.net/stocks/charts/COST/costco/revenue
- https://www.nasdaq.com/articles/is-costco-due-for-a-stock-split-in-2024?time=1706400600
- https://simplywall.st/stocks/mx/consumer-retailing/bmv-cost/costco-wholesale-shares/health
- https://finance.yahoo.com/news/too-buy-costco-stock-143000789.html
- https://customerservice.costco.com/app/answers/answer_view/a_id/671/~/how-can-i-see-what-products-are-available-on-costco.com%3F
- https://www.businessinsider.com/costco-ceo-made-336-times-median-workers-pay-2023-12
- https://www.talent.com/salary?job=costco&location=california
- https://www.tipranks.com/stocks/amzn/forecast
- https://www.costco.com/connection-cover-expanding-frontiers-september-2023.html
- https://www.fool.com/investing/2024/02/05/this-millionaire-maker-stock-is-a-magnificent-buy/
- https://www.litefinance.org/blog/analysts-opinions/tesla-stock-price-prediction/
- https://investorplace.com/2023/12/7-blue-chip-dividend-stocks-to-buy-before-dec-31/
- https://admiralmarkets.com/education/articles/general-trading/a-guide-to-the-best-blue-chip-stocks-to-trade
- https://www.quora.com/Does-Costco-restock-its-inventory-often
- https://www.nasdaq.com/articles/will-costco-follow-walmarts-lead-and-split-its-stock
- https://www.macrotrends.net/stocks/charts/COST/costco/gross-profit
- https://www.nasdaq.com/articles/blue-chip-beauties%3A-3-stable-stocks-to-buy-for-long-term-growth
- https://finance.yahoo.com/news/costco-stock-hit-1-000-104500446.html
- https://finance.yahoo.com/news/2-reasons-buy-costco-stock-123500938.html
- https://finance.yahoo.com/news/7-steady-blue-chip-stocks-150000101.html
- https://www.nasdaq.com/articles/2-reasons-to-buy-costco-stock-and-1-reason-to-avoid-it
- https://www.fool.com/investing/2024/03/02/this-is-why-costco-is-one-of-the-best-stocks-to/
- https://www.wikihow.com/Get-a-Job-at-Costco
- https://www.nasdaq.com/articles/4-things-to-know-about-costco-stock-in-2024
- https://en.wikipedia.org/wiki/Blue_chip_(sports)
- https://www.nasdaq.com/articles/should-investors-buy-costco-wholesale-stock-now-or-wait-for-a-dip
