What do experts say about Costco stock? (2024)

What do experts say about Costco stock?

Costco has 5.10% upside potential, based on the analysts' average price target. Costco has a conensus rating of Strong Buy which is based on 20 buy ratings, 6 hold ratings and 0 sell ratings. The average price target for Costco is $772.27.

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.

Why not to invest in Costco?

Priced for perfection. The big reason to avoid jumping into Costco shares today is their premium price. The stock isn't often available at a big discount because Wall Street is well aware of its many competitive advantages. Yet its valuation is also unusually high right now.

How safe is Costco stock?

With Costco stock trading at a 50% premium to its long-term average valuation, I believe that it is easily overvalued today for those looking to start a position. Therefore, I'd say that there's no margin of safety with Costco stock.

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.

Is Costco a good long-term stock?

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 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.

Does Costco have a future?

Of course, Costco is going to have a much larger number of stores in the future. In the last 10 years, the store count expanded at a compound annual rate of 3%. Management opened 23 net new locations in fiscal 2023, with plans to open 31 in the current fiscal year.

Is Costco over or undervalued?

From a profit perspective, Costco stock trades at a price-to-earnings (P/E) ratio of 47. That valuation is double the average P/E ratio of the S&P 500, which currently sits at 23. It essentially means investors think Costco is worth buying at twice the price of an average stock.

What will Costco stock be worth in 10 years?

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.

Who owns the largest share 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 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.

What is the Outlook for Costco share?

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 -6.60% from the current stock price of 749.18.

Is Costco a buy sell or hold?

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.

What is the 5 year forecast for Costco stock?

Costco Wholesale Corp quote is equal to 732.000 USD at 2024-03-20. Based on our forecasts, a long-term increase is expected, the "COST" stock price prognosis for 2029-03-14 is 1119.337 USD. With a 5-year investment, the revenue is expected to be around +52.91%. Your current $100 investment may be up to $152.91 in 2029.

Is Costco merging?

Price Club would merge into the Costco parent company. The new combined entity was christened PriceCostco, encompassing a national chain of 137 warehouses supplying everything from groceries to electronics to small businesses.

Why should I invest in Costco stocks?

Costco's stock isn't just near its 52-week high, it's also at all-time highs. Costco's business has experienced significant growth since the start of the pandemic -- it's a go-to retailer for many customers, so it is to be expected that its value will go up.

What's the best stock to buy and hold forever?

Could Costco stock split?

That year Costco's stock also reached highs of around $600, and there arguably would have been more of a reason to do a split back then, when stock splits were attracting a lot of attention from investors. Costco's reluctance to split its shares back then suggests to me that it's not going to do one anytime soon.

What will Costco stock be worth in 2025?

Costco stock prediction for 1 year from now: $ 622.12 (-15.33%) Costco stock forecast for 2025: $ 871.43 (18.59%) Costco stock prediction for 2030: $ 2,044.35 (178.22%)

When did Costco stock split?

Costco hasn't split its stock in a while. Its last split came in January 2000, when the stock traded for a pre-split price of about $100.

How much was Costco stock in 2008?

The closing price for Costco Wholesale (COST) in 2008 was $37.08, on December 31, 2008. It was down 23.8% for the year. The latest price is $739.66.

Is Costco a good recession stock?

Historically, discount retailers have performed well during economic downturns. However, such companies can't afford to slash their prices down to the bone. Fortunately, Costco basically has the opposite situation working in its favor.

Why do Costco employees stay so long?

Retailers typically struggle to retain employees long term, especially hourly workers. But, Costco has kept employees happy and loyal over the years by consistently offering above-average retail wages and full medical and dental benefits, even to part-time employees.

Will Costco keep growing?

Costco has 871 warehouses, with 600 in the U.S., and it's planning to open another 31 this year. It has plenty of expansion opportunities domestically and even more so globally, giving it a long growth runway. In other words, Costco has plenty of growth drivers to keep on delivering solid performance.