Is Costco Stock a Buy Now or Still Too Expensive to Touch?

Costco Wholesale Corporation (COST) is currently considered expensive based on its forward P/E multiple compared to industry averages and competitors, despite being slightly below its historical median P/E. Fundamentals remain strong due to its resilient membership model, consistent comparable sales growth, and expanding e-commerce capabilities. However, due to its premium valuation, Zacks Investment Research recommends a “Hold” for existing investors and suggests potential investors await a more attractive entry point, while its earnings estimates have been raised by analysts.