Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Can Costco Stock Hit $600 by the End of 2023?

TheMotleyFool

0 0

Can Costco Stock Hit $600 by the End of 2023?: https://g.foolcdn.com/editorial/images/748991/thinking-in-front-of-trading-screens.jpg

Costco (NASDAQ: COST) has been a fantastic investment, as the stock has climbed 61% in the last three years (as of Sept. 26), a gain that exceeds the performance of the Nasdaq Composite Index. However, it has lagged the broader index in 2023.

Investors are probably hoping for a strong finish to this year, possibly setting their sights on the next key level of $600 per share. This price implies an 8% gain from where we are today, which is certainly possible.

Let's take a look at potential catalysts that could drive this retail stock to new heights. It's also best not to forget about lingering headwinds that add some uncertainty for shareholders.

Source Fool.com

Like: 0

COST

Share