Will Costco stock reach $1,000? (2024)

Will Costco stock reach $1,000?

Will Costco stock reach $1,000? Costco stock would need to gain 33.43% to reach $1,000. According to our Costco stock forecast, the price of Costco stock will not reach $1,000. The highest expected price our algorithm estimates is $ 776.64 by Jan 12, 2025.

How high will Costco stock go?

Average Price Target

Based on 28 Wall Street analysts offering 12 month price targets for Costco in the last 3 months. The average price target is $723.70 with a high forecast of $825.00 and a low forecast of $601.00. The average price target represents a -3.41% change from the last price of $749.28.

What will Costco stock be worth in 5 years?

Costco stock price stood at $759.18

According to the latest long-term forecast, Costco price will hit $1100 by the end of 2024 and then $1200 by the middle of 2025. Costco will rise to $1400 within the year of 2026, $1700 in 2027, $1800 in 2028, $2000 in 2029 and $2500 in 2034.

Is Costco a good long-term investment?

Costco could be a good long-term buy -- but at its current multiple, investors are paying for a lot of future earnings growth. If you want to hang on to it for decades, then it could still be a good investment for you.

Will Costco stock reach $1 000?

That type of rapid bottom-line growth just isn't in the cards anymore. 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.

Who holds the most Costco stock?

The largest shareholders of Costco

According to Investopedia, Craig Jelinek is the largest shareholder in the company and also holds the roles of President and CEO. He owns 333,075 shares of the company, or about 0.08% of all shares.

Will Costco stock split soon?

Why Costco probably won't do a split this year. If Costco were going to do a stock split, it probably would done so in 2022 along with the many other big-name stocks that initiated splits, including Amazon, Alphabet, and Tesla.

Is Costco a buy hold or sell?

Costco Wholesale has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 17 buy ratings, 7 hold ratings, and no sell ratings.

What will Costco stock be worth in 2030?

What is the Costco stock prediction for 2030? According to our Costco stock prediction for 2030, COST stock will be priced at $ 2,112.18 in 2030. This forecast is based on the stock's average growth over the past 10 years.

Should you buy stock in Costco?

In the last five years, Costco shares have soared 241%, crushing the broader S&P 500 by a wide margin. The strong momentum has carried over into 2024, as the stock is in record territory. That's great news for longtime shareholders.

Is Costco a safe stock to buy?

Costco could be a good long-term buy -- but at its current multiple, investors are paying for a lot of future earnings growth. If you want to hang on to it for decades, then it could still be a good investment for you.

Is Costco stock a buy 2024?

Costco shares have already climbed 13% through the first two months of 2024. To be clear, this stock isn't cheap. It trades at a price-to-earnings ratio of 50.7. This is the most expensive level it has sold for since the turn of the century.

Is Costco a buy in 2024?

Costco sales are accelerating

The main piece of good news driving shares higher into 2024 is Costco's improving growth rates. The company releases monthly sales updates, in contrast with most retailing peers, and that's why investors know more about how this business performed through the holiday shopping season.

Is Costco over or undervalued?

From a profit perspective, Costco stock trades at a price-to-earnings (P/E) ratio of 47. That valuation is double the average P/E ratio of the S&P 500, which currently sits at 23. It essentially means investors think Costco is worth buying at twice the price of an average stock.

Why is Costco such a good stock?

Yet, the real engine behind its positive financial returns is Costco's incredibly predictable profit growth. Rather than generating most of its earnings through product markups like other retailers do, Costco's profits flow from its steadily rising membership fees.

Did Warren Buffett sell all his Costco stock?

Berkshire head Warren Buffett sold the firm's entire stake in Costco. It's the end of a 20-year investment that started at $32 million in 1999.

How much does Costco CEO make a year?

For Craig Jelinek's final year as Costco CEO, the 71-year-old is going out with a financial bang. Jelinek's base salary for 2023 was $1.1 million, add to that stock awards of nearly $15 million and other compensation, for a total package worth a very respectable $16.8 million, per Costco's most recent proxy filings.

What is Costco biggest seller?

Costco's best-selling item is its Kirkland Signature Bath Tissue. It sells more than a billion rolls every year, bringing in over $400 million dollars in revenue. Costco's toilet paper is thicker and more absorbent than most other brands. It is also less expensive per sheet than many other brands.

What stocks are splitting in 2024?

Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) were among those splitting their stock then and the chipmaker can afford to do the same now. This makes it one of those potential stock splits for 2024. At just under $1,400 per share, it is ready.

What is the future forecast for Costco stock?

Costco Stock Forecast

The 24 analysts with 12-month price forecasts for Costco stock have an average target of 653.71, with a low estimate of 502 and a high estimate of 785. The average target predicts a decrease of -13.89% from the current stock price of 759.19.

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.

What is Costco's next dividend?

When is Costco dividend payment date? Costco's next quarterly payment date is on Feb 16, 2024, when Costco shareholders who owned COST shares before Feb 01, 2024 received a dividend payment of $1.02 per share. Add COST to your watchlist to be reminded of COST's next dividend payment.

Will Kirkland stock go up?

KIRK Stock 12 Months Forecast

Based on 2 Wall Street analysts offering 12 month price targets for Kirkland's in the last 3 months. The average price target is $7.00 with a high forecast of $7.00 and a low forecast of $7.00. The average price target represents a 165.15% change from the last price of $2.64.

Which stock is undervalued?

How much was Costco stock in 1997?

The closing price for Costco Wholesale (COST) in 1997 was $15.05, on December 31, 1997. It was up 76.7% for the year.