What will Costco stock be worth in 10 years? (2024)

What will Costco stock be worth in 10 years?

Costco stock price stood at $734.80

What will Costco stock be worth in 2030?

Is Costco stock 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 stock reach $1,000?

The shares are expensive today after their strong performance in recent years. Consequently, I just don't think a $1,000 price target is likely this year. Since we're looking at a time frame of roughly 11 months, what matters most to the stock is how market sentiment changes.

How high will Costco stock go?

Average Price Target

Based on 26 Wall Street analysts offering 12 month price targets for Costco in the last 3 months. The average price target is $772.27 with a high forecast of $905.00 and a low forecast of $601.00. The average price target represents a 5.10% change from the last price of $734.80.

What is the stock forecast for Costco in 2035?

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 most Costco stock?

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.

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.

Why is Costco a strong buy?

It has a differentiated operating model that breeds loyalty and high sales and is resilient during challenging times. Some investors think that Costco stock is too expensive to buy right now, and valuation should certainly be a factor in your investing decisions.

Will Costco do a 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.

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.

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 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.

Should you buy stock in Costco?

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.

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.

How often does Costco get new stock?

Every night. Night merch crew starts in the back aisles with paper products, pet food, cleaning/laundry supplies, water and such. Morning merch starts about 3–4 am stocking the freezers, coolers, and everything else. Clothing and household items are stocked as well.

How much was Costco stock in 1997?

The closing price for Costco Wholesale (COST) in 1997 was $15.05, on December 31, 1997. It was up 76.7% for the year.

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 does Costco CEO make a year?

For Craig Jelinek's final year as Costco CEO, the 71-year-old is going out with a financial bang. Jelinek's base salary for 2023 was $1.1 million, add to that stock awards of nearly $15 million and other compensation, for a total package worth a very respectable $16.8 million, per Costco's most recent proxy filings.

Who is bigger than Costco?

Walmart is by far the world's biggest retailer and Costco is the third biggest. Both of the retailers strive to offer everyday low prices for customers.

Who makes the most money at Costco?

Is Costco stock safe?

Costco Wholesale (NASDAQ:COST) stock continues to be one of the best blue-chip stocks investors can buy and remains the gold standard of the retail sector. In the last 12 months, COST stock has risen 40%, bringing its five-year return to shareholders to 230%.

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.

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.