Where Will Costco Stock Be in 5 Years?
2024 is shaping up to be a fantastic year for Costco (NASDAQ: COST) shareholders. The warehouse retailer's stock jumped 37% through early October compared to the 21% rally in the S 500 index. Costco hasn't even been the biggest winner in its industry. (NYSE: WMT) shares soared 53% in that period, suggesting that outsized returns aren't limited to Wall Street's favorite sectors like tech.
But are the market-thumping days behind for Costco investors, or can the stock still deliver for shareholders from here? Let's look at why you might be thrilled to have Costco in your portfolio over the next five years.
Costco's results in the past year showed off the dependability of this membership-based business. Comparable-store sales growth was impressive at 6% in the 12 months that ended in early September. Shoppers continued to pack its warehouses as they looked to save money during this inflationary period. Customer traffic was up 6%, management said in a late-September conference call.
Source Fool.com
Walmart Inc. Stock
The stock is an absolute favorite of our community with 99 Buy predictions and no Sell predictions.
With a target price of 107 € there is a slightly positive potential of 1.34% for Walmart Inc. compared to the current price of 105.58 €.
