Costco Wholesale Corporation (COST) Stock Price & News - Google Finance (2024)

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What is the future price of Costco stock? ›

COST Stock 12 Month Forecast

Based on 25 Wall Street analysts offering 12 month price targets for Costco in the last 3 months. The average price target is $786.38 with a high forecast of $870.00 and a low forecast of $650.00. The average price target represents a 5.71% change from the last price of $743.90.

Costco (COST) Ownership Overview

The ownership structure of Costco (COST) stock is a mix of institutional, retail and individual investors. Approximately 45.96% of the company's stock is owned by Institutional Investors, 0.82% is owned by Insiders and 53.22% is owned by Public Companies and Individual Investors.

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.

Costco stock price stood at $779.04

According to the latest long-term forecast, Costco price will hit $800 by the middle of 2024 and then $1000 by the middle of 2025. Costco will rise to $1100 within the year of 2026, $1300 in 2027, $1500 in 2028, $1600 in 2029, $1700 in 2030, $1800 in 2031 and $2000 in 2034.

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.

The all-time high Costco stock closing price was 787.19 on May 10, 2024. The Costco 52-week high stock price is 787.45, which is 0% above the current share price. The Costco 52-week low stock price is 476.75, which is 39.4% below the current share price. The average Costco stock price for the last 52 weeks is 617.84.

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Fmr Llc, Morgan Stanley, Geode Capital Management, Llc, Invesco Qqq Trust, Series 1, and Bank Of America Corp /de/ .

Costco long term debt for 2021 was $6.692B, a 10.94% decline from 2020.

Costco shares are priced at 1.3 times revenue, or about twice the valuation of peers Target and Walmart. Its premium is sitting near an all-time high currently while these competitors are far off of their record levels. That means there's a higher risk that you'll overpay for this highly successful business.

Is Costco a good long-term stock? ›

Costco is also cash rich. The company has generated cash flow growth of 14.1%, and is expected to report cash flow expansion of 10.4% in 2024. With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, COST should be on investors' short lists.

Costco Wholesale (NASDAQ: COST) isn't exactly a high-yield stock, but what it lacks in yield, it makes up for in dividend growth. It has increased its payment for 19 years and counting, with the average annual dividend boost over the past decade sitting at a heady 12%.

When was Costco Wholesale's initial public offering and at what price? The Company went public on December 5, 1985 at $10.00 per share (before stock splits). Adjusting for stock splits, the initial price per share was approximately $1.67.

Costco Wholesale stock was on track for its second straight day of losses Monday following backlash from a lackluster fiscal second-quarter earnings report. Take advantage of the dip, some analysts said, but be wary of the stock's valuation.

Based on analysts offering 12 month price targets for COST in the last 3 months. The average price target is $788.9 with a high estimate of $870 and a low estimate of $650.

Costco Wholesale Corp quote is equal to 763.410 USD at 2024-05-09. Based on our forecasts, a long-term increase is expected, the "COST" stock price prognosis for 2029-05-02 is 1151.942 USD. With a 5-year investment, the revenue is expected to be around +50.89%. Your current $100 investment may be up to $150.89 in 2029.

Taking into account the latest results, the consensus forecast from Costco Wholesale's 35 analysts is for revenues of US$254.3b in 2024. This reflects an okay 2.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 4.8% to US$16.05.