Wall Street Analysts Think Costco Stock Might Soon Be Overpriced. Are They Right?
Costco Wholesale (NASDAQ: COST) has been one of the hottest stocks over the past few years. Up 78% since 2020, it has blown past the S&P 500 and its 36% gains during that stretch. The business has been booming despite a myriad of economic conditions.
But with its growth slowing, is the party finally over for the stock and its bullish investors? Let's take a look.
Many analysts remain bullish on Costco's stock, but the average price target is just under $549. At that number, it might only rise by less than 5% over the next year, which is how far out analyst estimates normally go. And price targets have been coming down; a year ago, the consensus was around $570.
Source Fool.com
