In this article we have forecast Costco stock for next week, July 2024 and 2024 to 2035. According to Costco stock forecast, it is a good time to buy its stock. Along with this, we will also discuss the technical indicators, fundamentals and market sentiment of Costco stock.
Costco’s stock had seen modest growth in the 30 years since its listing, but since 2015, there has been consistent growth in its stock year after year. Its stock has grown by 200.62% in the last 5 years. In the financial year 2024, it touched the value of $732.63 with a growth of 47.44%.
Costco Wholesale Corp. Fundamentals
Company Name
Costco Wholesale Corp.
Sector
Retail Trade
Established
15 September 1983
Website
Costco.com
Mkt Cap
$377.18B
ROE
31.64%
Enterprise Value
$374.07B
50 Day SMA
$825
200 Day SMA
$701
Sentiment
Neutral
52 Week High
$896.67
52 Week Low
$530.56
P/E Ratio (TTM)
52.65
P/B Ratio
18.12
Total Cash (Recent Filing)
$11.50B
EPS (TTM)
16.16
Price to Cash Flow
128.60
Dividend Yield
0.55%
According to Next Week’s forecast, Costco’s stock will reach $861 this week with a growth of 1.5%. Wall Street technical indicators are revealing neutral sentiment. Costco stock has shown positive growth for 18 days and negative growth for 12 days in the last 30 days, with this there has been a negative growth of 1.17% in its stock. Based on Costco stock forecast, this is a good opportunity to buy this stock.
Costco Stock Forecast Next Week
Date
Target Price
Min. Price
Max. Price
22/07/24
$871
$849
$889
23/07/24
$876
$852
$892
24/07/24
$878
$851
$893
25/07/24
$875
$850
$891
26/07/24
$873
$848
$892
Costco Stock Forecast Next Week
Costco Stock Forecast July 2024 (Graph)
According to Costco stock forecast for July 2024, its stock will reach Rs 239 per stock by July 31, 2024. The average performance of Cost for the month of July from 2021 to 2023 has been 7.76%.
Stock Market Data
Costco Stock Forecast July 2024
Date
Target Price
Min. Price
Max. Price
1/07/24
$848
$829
$869
2/07/24
$857
$832
$878
3/07/24
$864
$838
$882
4/07/24
$872
$842
$890
5/07/24
$882
$847
$898
8/07/24
$881
$852
$897
9/07/24
$886
$856
$900
10/07/24
$877
$849
$895
11/07/24
$850
$841
$878
12/07/24
$851
$840
$875
15/07/24
$853
$842
$876
16/07/24
$852
$840
$873
17/07/24
$860
$842
$879
18/07/24
$857
$840
$877
19/07/24
$866
$842
$882
22/07/24
$871
$849
$889
23/07/24
$876
$852
$892
24/07/24
$878
$851
$893
25/07/24
$875
$850
$891
26/07/24
$873
$848
$892
29/07/24
$879
$852
$898
30/07/24
$886
$858
$903
31/07/24
$883
$856
$900
Costco Stock Forecast July 2024
July Growth in Past Year
Year
Change
July 2024
4.41% (Target)
July 2023
4.14%
July 2022
11.43%
July 2021
7.71%
Costco Stock Forecast August 2024
Date
Target Price
Min. Price
Max. Price
1/08/24
$886
$866
$905
2/08/24
$890
$871
$910
5/08/24
$876
$861
$901
6/08/24
$881
$867
$905
7/08/24
$889
$870
$911
8/08/24
$893
$871
$913
9/08/24
$887
$863
$909
12/08/24
$881
$859
$906
13/08/24
$887
$863
$913
14/08/24
$894
$872
$918
15/08/24
$901
$876
$926
16/08/24
$898
$873
$921
17/08/24
$904
$878
$928
18/08/24
$911
$882
$936
19/08/24
$906
$879
$932
22/08/24
$901
$876
$926
23/08/24
$909
$877
$933
24/08/24
$916
$881
$941
25/08/24
$918
$883
$942
26/08/24
$912
$879
$936
29/08/24
$908
$872
$932
30/08/24
$911
$873
$935
31/08/24
$915
$875
$939
Costco Stock Forecast August 2024
August Growth in Past Year
Year
Change
August 2024
3.27% (Target)
August 2023
-3.26%
August 2022
-1.75%
August 2021
4.79%
Sentiment
According to current data, Costco stock forecast sentiment is neutral. Out of 26 technical analyst indicators, 18 indicators are giving bullish signals and 8 indicators are giving bearish signals.
Responsive Pie Chart
Analyst Rating
According to Tipranks, Costco has a 50 buy rating, 13 hold rating, and 0 sell rating for the month.
The ratings given to Costco stock by 25 Wall Street analysts for the last 3 months-
Costco stock is forecast till 2035 based on the average growth of last 10 years, growth pattern of last 3 years. By 2035 Costco stock will reach $4152.86, a growth of 391.75%.
Its stock had grown by 44% in the last financial year.
Its performance was positive for 18 days in the last 30 days.
The company has announced the long-awaited increase in subscription fees.
Global and US traffic has increased.
Risk
Costco stock sentiment is neutral.
The company’s stock is overvalued.
Costco Stock Forecast: Expert Opinion
Costco Shareholding Pattern
Public Companies and Individual Investors
59.45%
Other Institutional Investors
22.37%
Insiders
0.82%
Mutual funds
17.37%
Total
100.00
Disclaimer – Please note that all the information given here is for general information purpose only and not for investment purposes. Therefore, before investing in any share, take advice from a certified market expert. If you invest, you will be responsible for your profits and losses.
Q1. What is the 5 year forecast for Costco?
Ans: In the next 5 years, Costco stock will grow by 136.33% to $1995.87.
Q2. What will Costco stock be in 2030?
Ans: According to our Costco stock prediction, its stock will reach $2337 by 2030.
Q3. Is Costco stock overvalued?
Ans: Yes, Costco stock is overvalued.
Q4. Will Costco stock reach $1000?
Ans: Yes, Costco stock will hit $1000 by the end of this year.
