Forget Costco: This Growth Stock Is Poised for a Potential Bull Run
Retail is one of the best markets for long-term investment, known for its consistent growth. The industry ranges from grocery to e-commerce, consumer tech, and much more, allowing stockholders to benefit from the tailwinds of dozens of sugments. In fact, the global retail market hit a valuation of $27 trillion in 2022 and is projected to rise to $30 trillion this year.
Costco (NASDAQ: COST) has enjoyed immense success in the industry, with its shares up 248% since 2019. The company's wholesale business model has won over consumers in more than a dozen countries and has an exciting outlook as it continues to expand.
However, it's hard to consider Costco's stock when Amazon (NASDAQ: AMZN) also exists. The company is the world's second-biggest retailer (only after ) and is the No. 1 name in e-commerce. Additionally, Amazon's diverse business model has seen it gain a powerful position in tech, with a leading 31% market share in the $626 billion cloud market.
Source Fool.com
Walmart Inc. Stock
With 52 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
Based on the current price of 58.32 € the target price of 164 € shows a potential of 181.21% for Walmart Inc. which would more than double the current price.
