Is Costco stock a buy or sell? (2024)

Is Costco stock a buy or sell?

Costco has a conensus rating of Strong Buy which is based on 20 buy ratings, 6 hold ratings and 0 sell ratings. What is Costco's price target? The average price target for Costco is $772.27. This is based on 26 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

What is the forecast 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 -4.28% from the current stock price of 730.98.

Is Costco stock overvalued or undervalued?

Intrinsic Value. The intrinsic value of one COST stock under the Base Case scenario is 427.67 USD. Compared to the current market price of 733.5 USD, Costco Wholesale Corp is Overvalued by 42%. What is intrinsic value?

Why is Costco stock so high?

Costco's higher valuation is a function of its steady market share growth in the industry, along with the stable profit that flows from its annual subscription fee payments.

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.

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 highest Costco stock has ever been?

Is it a good time to buy Costco stock?

Costco has a conensus rating of Moderate Buy which is based on 20 buy ratings, 7 hold ratings and 0 sell ratings. What is Costco's price target? The average price target for Costco is $766.63. This is based on 27 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Is it a good idea to invest in Costco?

It's a distinct possibility that Costco's stock won't be able to handle its high valuation and may require some correction in the short term. 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.

How safe is Costco stock?

Costco Wholesale Corporation is seen as a stable company with strong revenue generation from its Kirkland brand and a focus on value for customers, particularly in terms of its membership fees. The company has reported solid same-store sales growth, with a focus on in-store traffic driving revenue gains.

What caused Costco stock to drop?

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 price falling?

Costco Wholesale topped earnings expectations, but the stock fell following the company's rare revenue miss. The company's fiscal second-quarter revenue of $58.4 billion missed analyst projections for $59.1 billion.

Is Costco going to grow?

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.

Will Costco stock split soon?

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.

Where will Costco stock be in 5 years?

Costco stock price stood at $730.96

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, $1600 in 2028, $1800 in 2029 and $2000 in 2031.

Is Kirkland a good investment?

The highest analyst price target is $2.50 ,the lowest forecast is $2.50. The average price target represents -1.57% Decrease from the current price of $2.54. Kirkland's's analyst rating consensus is a Hold. This is based on the ratings of 1 Wall Streets Analysts.

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?

Sinegal: I was raised and educated as a Catholic.

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. He served as Costco's president and CEO from 1983 until 2011.

What was Costco's first stock price?

The History of Costco Stock

Costco went public at a price of $10 per share and rose to an all-time closing price high on March 7, 2024, reaching $785.59 per share. The latest closing price, as of the writing of this article, was $734.20 per share. The average price for Costco stock for the last 52 weeks is around $581.

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.

What 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.

Why should you 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.

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.

Is Costco a low risk stock?

Costco Wholesale Corp has a volatility of 1.36 and is 2.43 times more volatile than NYSE Composite. 11 of all equities and portfolios are less risky than Costco Wholesale.