What do analysts say about Costco stock? (2024)

What do analysts say about Costco stock?

Costco's analyst rating consensus is a Strong Buy. This is based on the ratings of 26 Wall Streets Analysts.

What are the predictions for Costco stock?

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.

What is the analyst opinion on Costco stock?

How well is Costco performing financially?

Net sales for the 17-week fourth quarter were $77.43 billion, an increase of 9.4 percent from $70.76 billion in the 16-week fourth quarter last year. Net sales for the 53-week fiscal year were $237.71 billion, an increase of 6.7 percent from $222.73 billion in the 52-week fiscal year of 2022.

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.

Is Costco a buy hold or sell?

The Costco stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.

Who is the largest shareholder of Costco?

Costco (COST) reported its earnings and declared a special cash dividend of $15 per share. Vanguard is the company's largest shareholder with ownership of 39.87 million shares. Other significant shareholders of COST stock include BlackRock (BLK) and FMR.

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 are the pros of investing in Costco?

Costco's stock does not decline often. With its excellent management team, earnings out-performance, and focus on rewarding shareholders, Costco's share price consistently rises. Investors waiting for a pullback could be waiting a longtime.

How much debt does Costco stock have?

Total debt on the balance sheet as of November 2023 : $9.34 B. According to Costco's latest financial reports the company's total debt is $9.34 B. A company's total debt is the sum of all current and non-current debts.

Is Costco a good long term investment?

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.

Will Costco do well in a recession?

Costco has a track record of outperforming in recessions and bull markets. CrowdStrike is a leader in an industry that is essential to all companies. Both would offer compelling buying opportunities during a stock market sell-off.

Why should I buy Costco stock?

Buy Costco stock now

Costco marks up its products by razor-thin margins to cover associated costs and takes the fee income for the bottom line. The low costs generate strong loyalty and drive high volume and sales, and Costco's model is resilient even under pressured conditions.

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.

Is Costco a good stock to buy 2024?

Costco sales are accelerating

The main piece of good news driving shares higher into 2024 is Costco's improving growth rates. The company releases monthly sales updates, in contrast with most retailing peers, and that's why investors know more about how this business performed through the holiday shopping season.

How much will Costco stock be worth in 10 years?

In 2030, the Costco stock will reach $ 2,044.35 if it maintains its current 10-year average growth rate. If this Costco stock prediction for 2030 materializes, COST stock will grow 178.22% from its current price.

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.

Why did Costco stock crash?

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 has Costco stock gone down?

Shares of membership-based warehouse chain Costco Wholesale (COST -1.04%) took a step back on Friday after the company reported financial results for its fiscal second quarter of 2024. Sales came in a little lighter than analysts expected. And this is a primary reason that Costco stock was down 5% as of 10 a.m. ET.

Does Warren Buffett own Costco stock?

Berkshire Hathaway owns a lot of stocks that span numerous industries. But there's one dominant retailer that isn't on the list. It might come as a surprise that legendary investor Warren Buffett doesn't own Costco Wholesale (COST 1.66%) shares.

Is the owner of Costco Mormon?

James Sinegal, the co-founder and former CEO of Costco, is Catholic. Costco is not owned by a single individual. It is a multinational corporation managed by a Board of Directors.

Who is the real owner of Costco?

Costco is mainly owned by institutional investors, who own over 70% of shares. The largest shareholders in December 2023 were: The Vanguard Group (9.10%) BlackRock (6.90%)

Is Kirkland a good investment?

The Kirkland stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.

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.

Will Kirkland stock go up?

According to our current KIRK stock forecast, the value of Kirklands shares will rise by 1.65% and reach $ 2.58 per share by March 28, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).