Costco’s stock has risen about 15% this year, trading near $1,000, outperforming the S&P 500. While the company demonstrates consistent strong execution with solid sales trends, including significant digital growth, its current valuation at 53 times earnings is problematic. The article suggests that this valuation leaves no room for error, and a more attractive entry point for investors might be around $830 per share.
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Back Near $1,000, Is Costco Stock a Buy Now?
Costco’s stock has risen about 15% this year, trading near $1,000, outperforming the S&P 500. While the company demonstrates consistent strong execution with solid sales trends, including significant digital growth, its current valuation at 53 times earnings is problematic. The article suggests that this valuation leaves no room for error, and a more attractive entry point for investors might be around $830 per share.