Is Costco Stock Too Expensive for 2022?
Since the onset of the coronavirus pandemic, Costco (NASDAQ: COST) has experienced a surge in sales and new customers. Along with bargain prices and great product availability, the warehouse club's wide aisles apparently made customers feel safer while shopping in person. Twenty-one months into the pandemic now and the sales boom isn't slowing, even as economies reopen and consumers have more options on where to spend money.
With the sales boom came a lot of interest in Costco stock -- it's up by almost 50% year to date in 2021. New investors are wondering if the excellent performance might already be priced into Costco's stock, dampening its prospects for further stock price appreciation anytime soon.
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Source Fool.com
