Costco Just Made a Move That Could Drive Its Share Price Up to $1,000 This Year
The Motley Fool
JULY 18, 2024
Costco Wholesale (NASDAQ: COST) is one of the more expensive retail stocks you can buy. It trades at a price-to-earnings multiple north of 50 and its market cap is $370 billion. In just five years, the shares have soared by 200%. While Costco has a great business, the biggest reason to not invest in the company today is its high valuation. But investors shouldn't count out this stock in either the short or long term.
Let's personalize your content