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Is Costco Stock Too Expensive?

TheMotleyFool

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Is Costco Stock Too Expensive?Photo, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png

Any way you slice it, Costco (NASDAQ: COST) has been doing great. The membership-only big-box retailer was considered an essential business during the coronavirus pandemic and was allowed to stay open. Sales and memberships surged as a result.

Impressively, Costco has sustained that pandemic-fueled momentum and even built on it two years later. The market has noticed, and Costco's stock price is up 68% in the last year and 134% in the previous three years.

These strong returns have some investors asking if Costco's stock is now too expensive? Let's take a closer look at the company right now and see if we can find an answer.

Source Fool.com

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