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Where Will Costco Stock Be in 5 Years?

TheMotleyFool

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Where Will Costco Stock Be in 5 Years?Photo, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png

Costco Wholesale (NASDAQ: COST) shareholders had a good 2022. Sure, the warehouse retailer's stock was down for the year, losing about 15% through mid-December. Shares looked especially weak following the Dec. 8 earnings report that showed some signs of stress on the business during the key holiday shopping season.

But Costco's returns have edged past the S&P 500 for the year. The business notched some key wins, too, including boosting its membership base and keeping customer traffic climbing even compared to huge growth a year ago.

With that big picture in mind, let's look at where the stock might be headed over the next several years.

Source Fool.com

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