How high will Costco stock go? (2024)

How high will Costco stock go?

Costco Stock Forecast

What will Costco stock be worth in 5 years?

According to the latest long-term forecast, Costco price will hit $800 by the end of 2024 and then $900 by the middle of 2025. Costco will rise to $1000 within the year of 2026, $1100 in 2027, $1300 in 2028, $1500 in 2029, $1600 in 2030, $1700 in 2032, $1800 in 2033 and $2000 in 2035.

Is Costco stock expected to go up?

The highest analyst price target is $870.00 ,the lowest forecast is $630.00. The average price target represents 10.09% Increase from the current price of $711.25. Costco's analyst rating consensus is a Strong Buy. This is based on the ratings of 25 Wall Streets Analysts.

What is the 12 month forecast for Costco stock?

Based on analysts offering 12 month price targets for COST in the last 3 months. The average price target is $783.04 with a high estimate of $870 and a low estimate of $630.

What is the stock price prediction for Costco in 2024?

According to our current COST stock forecast, the value of Costco shares will drop by -0.24% and reach $ 707.83 per share by April 25, 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.

Will Costco stock hit $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 buy sell or hold?

Costco Wholesale has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 18 buy ratings, 6 hold ratings, and no sell ratings.

Is Costco over or undervalued?

Key Points. Stock valuations can be subjective, but shares of Costco appear to be objectively overvalued. The retail giant has a great business model that has delighted both customers and shareholders. But BJ's Wholesale Club offers investors the same model -- and at a more reasonable valuation.

Who has 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.

What is Costco's next dividend?

Is Costco a low risk stock?

Investors should understand Costco's business model before investing in the company's stock because it is a very real risk given current trends.

What is the future value of Costco?

What is the Kirkland stock price forecast for 2025?

Kirklands stock prediction for 1 year from now: $ 7.27 (277.18%) Kirklands stock forecast for 2025: $ 3.69 (93.44%) Kirklands stock prediction for 2030: $ 100.08 (5,139.78%)

How often does Costco get new stock?

Costco restocks their shelves on a regular basis in order to ensure that their customers have access to the latest products. However, the frequency of restocking varies depending on the item. For example, mineral water is typically restocked every two weeks, while laundry detergent may only be restocked once a month.

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 $717.85.

Is Costco a good long-term stock?

On a historic basis, Costco has generated cash flow growth of 14.1%, and is expected to report cash flow expansion of 10.4% this year. Investors should take the time to consider COST for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

Is Costco a long-term investment?

The compound annual return falls from 23.3% to 20.5%. Mind you, none of the other retailers in the table above come close to Costco's dividend-less returns, with or without their own dividend boosts. Still the payouts are a substantial reason why long-term investors love Costco's stock.

Why is Costco a good long-term investment?

It's a sales and profit-generating machine that works beautifully. But the secret to long-term growth is Costco's expansion opportunities. It only operates 874 stores worldwide, including 602 in the U.S., a much lower count than the traditional or discount supermarket chain. It's aiming to open about 30 a year.

Why is Costco stock crashing?

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.

Why is Costco such a good stock?

Costco's strong stock performance is driven by its consistent earnings growth. With a loyal customer base, Costco is the type of company that makes money in any economy.

Why is Costco a good stock to buy right now?

There are currently 72 million membership households that raked in $4.6 billion of fee revenue last fiscal year. With a worldwide renewal rate of over 90%, this is a sticky customer base. As a consumer favorite, Costco has been able to post solid sales growth, even during macro and pandemic disruptions.

Which stocks are currently undervalued?

Is Amazon a buy or sell?

Amazon stock has received a consensus rating of buy. The average rating score is A1 and is based on 97 buy ratings, 3 hold ratings, and 0 sell ratings.

Is Tesla a buy or sell?

TSLA Stock Forecast FAQ

Based on analyst ratings, Tesla's 12-month average price target is $182.58. Tesla has 24.16% upside potential, based on the analysts' average price target. Tesla has a conensus rating of Hold which is based on 7 buy ratings, 20 hold ratings and 7 sell ratings.