Costco Wholesale Corporation (COST) Stock Forecast & Price Targets - Stock Analysis (2024)

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Costco Wholesale Corporation (COST) Stock Forecast & Price Targets - Stock Analysis? ›

COST Stock 12 Month Forecast

Stock Price Forecast

The 28 analysts with 12-month price forecasts for Costco stock have an average target of 755.18, with a low estimate of 585 and a high estimate of 900. The average target predicts a decrease of -9.01% from the current stock price of 830.00.

The forecasted Costco price at the end of 2024 is $862 - and the year to year change +31%. The rise from today to year-end: +18%.

For Costco's stock to reach $1,000 by year end with the multiple remaining constant, earnings per share would have to rise by 50%. This seems unlikely given how mature this business is. That type of rapid bottom-line growth just isn't in the cards anymore.

Compared to the current market price of 827.39 USD, Costco Wholesale Corp is Overvalued by 49%. What is intrinsic value? Costco Wholesale Corp's market capitalization is 366.8B USD. COST stock price is 827.39 USD.

Costco Wholesale

It has since evolved and become a popular place for members to shop. The business has done incredibly well, and shareholders have been amply rewarded. Over the last 10 years, its shares gained 588%, easily trouncing the S&P 500's 184% increase.

Costco uses a dual-impact restricted markup pricing approach on product sales to offer significantly lower prices than the competition. The dual impact is from relatively smaller markups on relatively lower prices paid directly to manufacturers for buying in bulk.

But compared to its peers, the wholesale club is more popular with higher-income millennial and Gen X households. In particular, Asian-American shoppers are even bigger fans of the brand, and are nearly twice as likely as the average US consumer to shop at Costco, according to Numerator's data.

What is the 12-month forecast for Costco stock? ›

What is COST's average 12-month price target, according to analysts? Based on analyst ratings, Costco's 12-month average price target is $837.92. What is COST's upside potential, based on the analysts' average price target? Costco has 1.91% upside potential, based on the analysts' average price target.

The Costco stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.

In 2030, the Costco stock will reach $ 2,298.29 if it maintains its current 10-year average growth rate. If this Costco stock prediction for 2030 materializes, COST stock will grow 178.22% from its current price.

A price target is a price at which an analyst believes a stock to be fairly valued relative to its projected and historical earnings. When an analyst raises their price target for a stock, they generally expect the stock price to rise.

Is Costco stock a buy, sell or hold? Overall, analysts remain generally upbeat toward the retail giant. According to S&P Global Market Intelligence, the consensus analyst target price for COST stock is $805.82, representing implied upside of about 1% to current levels. Meanwhile, the consensus recommendation is a Buy.

Kirklands stock prediction for 1 year from now: $ 14.62 (496.55%) Kirklands stock forecast for 2025: $ 4.78 (93.44%) Kirklands stock prediction for 2030: $ 129.50 (5,139.78%)