Will Costco stock reach $1,000? (2024)

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?

COST Stock 12 Months Forecast

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 4.00% change from the last price of $742.56.

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.

Where will Costco stock be in 5 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.

What will Costco stock be worth in 2025?

Costco stock prediction for 1 year from now: $ 635.65 (-13.49%) Costco stock forecast for 2025: $ 871.43 (18.59%) Costco stock prediction for 2030: $ 2,044.35 (178.22%)

Who owns 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.

Who are the biggest investors in Costco?

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.

Should I keep Costco 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.

Should I buy or sell Costco stock?

The symbol for Costco is COST and it is traded on the NASDAQ (NASDAQ Stock Exchange). Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Costco stock to perform well in the short-term.

Is Costco stock a buy 2024?

Costco shares have already climbed 13% through the first two months of 2024. To be clear, this stock isn't cheap. It trades at a price-to-earnings ratio of 50.7.

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.

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.

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.

What was Costco's first stock price?

When was Costco Wholesale's initial public offering and at what price? The Company went public on December 5, 1985 at $10.00 per share (before stock splits). Adjusting for stock splits, the initial price per share was approximately $1.67.

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 did Buffett dump Costco stock?

It's worth noting that Buffett may have jettisoned Costco because he wanted to free up cash to buy other assets with greater upside. Indeed, Berkshire purchased nearly $18 billion worth of stocks on a net basis in the same period it sold Costco, filings show.

Does Warren Buffett own Costco?

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 0.09%) shares.

Did Warren Buffett buy Costco?

Berkshire head Warren Buffett sold the firm's entire stake in Costco. It's the end of a 20-year investment that started at $32 million in 1999.

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 makes the most money at Costco?

Are Costco founders billionaires?

James D. Sinegal (born January 1, 1936) is an American billionaire businessman and the co-founder and former CEO of the Costco Wholesale Corporation, an international retail chain.

Which stock is splitting in 2024?

Walmart's common stock will begin trading on a post-split basis at the market open on Monday, Feb. 26, 2024, under the company's existing trading symbol “WMT.” The stock split and final ratio were approved by Walmart's board.

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.

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.