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Can Costco Stock Reach $1,000 in 2024?

TheMotleyFool

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Can Costco Stock Reach $1,000 in 2024?: https://g.foolcdn.com/editorial/images/758473/warehouse-shopper-costco-shopping.jpg

Costco Wholesale (NASDAQ: COST), a thriving business that has flown under the radar this year due to the intense focus on tech and artificial intelligence, just reported its fiscal 2024 first quarter (ended Nov. 26) financial results. And it seems like the market came away impressed.

Shares have crushed the S&P 500 in 2023, up 44%. This continues a long history of outsized returns for investors. But we have our sights set on the future.

Can this top retail stock reach $1,000 per share by the end of 2024? Let's see if this hypothetical 52% gain (from the price on Dec. 15) is a real possibility in the next 12 months.

Source Fool.com

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