From Nasdaq: 2024-04-28 17:30:00

Costco, a retail stock, has seen impressive gains of 98% in the past three years. Despite its success, the stock’s price-to-earnings ratio of 46.8 is concerning due to its high valuation, which is 38% above its 10-year average. While Costco remains a strong business with significant purchasing power and growth potential, investors may want to wait for a better entry point. However, with Costco’s track record of revenue and earnings growth, the company is still worth keeping an eye on for future investment opportunities. Investors should carefully consider the stock’s current valuation before making a decision.



Read more at Nasdaq: 1 Magnificent Stock That Has Soared 98% in 3 Years: Here’s Why You Should Avoid It Like the Plague Right Now