Is Costco (COST) Stock Going to $1,200?
Costco's (NASDAQ: COST) stock has rallied nearly 180% over the past five years. The world's largest warehouse club retailer repeatedly impressed investors with robust sales and membership growth, high renewal rates, and new store openings. However, Costco's stock still trades below Wall Street's average price target of $1,062 and its top price target of $1,205. Let's see what it might take for Costco's stock to rise more than 20% and top $1,200.
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From fiscal 2020 to fiscal 2025 (which ended last August), Costco's number of warehouses rose from 795 to 914, its total cardholders grew from 105.5 million to 140.6 million, and its global renewal rate expanded from 88% to 90.5%. Its adjusted net sales (excluding fuel sales and foreign exchange) consistently grew in the mid-single to low-double digits.
Source Fool.com
