From Yahoo Finance: 2024-07-06 18:04:00

Costco stock has surged 32% in 2024, reaching $863 per share. Revenue has grown to $250 billion, with stock up 100% in EPS over 5 years. Membership fee rises may be incoming. A $1,000 price target is possible by year-end. The stock may split, but focus should be on valuation, not share price. Despite growth indicators, with a P/E ratio of 53, Costco is currently overvalued. Stock Advisor advises against investing in Costco now, recommending 10 other stocks for better returns. Consider the long-term value before investing $1,000 in Costco Wholesale.



Read more at Yahoo Finance: Could the Stock-Split Candidate Hit $1,000 per Share by the End of the Year?