COSTCO WHOLESALE DL-,005 stock forum
COST 850 AFTER EARNINGS !! Robust Financials:Costco has consistently demonstrated strong financial performance. Its revenue growth, profitability, and debt management are impressive.
The company’s ESG (Environmental, Social, and Governance) score for its industry is good, indicating responsible business practices .
Customer Loyalty and Resilience:Costco’s loyal customer base contributes to its stability. Even during economic downturns, consumers tend to remain loyal to the brand.
This loyalty makes Costco stock relatively recession-resistant, which is a valuable asset for long-term investors.
Analyst Sentiment:Over the past few months, analysts have revised their average price target for Costco upwards significantly. This suggests positive sentiment and confidence in the company’s future prospects.
There is high visibility into Costco’s activities for the coming years, supporting predictable sales.
Inflationary Pressures:The recent inflationary pressures have positively impacted Costco stock. As the Federal Reserve adjusts its monetary policy, companies like Costco may benefit from higher prices and increased consumer spending.
Valuation Considerations:While Costco’s fundamentals are strong, it’s essential to consider valuation. The company operates with relatively high earnings multiples.
Investors should weigh the potential upside against the current valuation when projecting the stock price.
COST need some volume tomorrow for another push up
COST any downside now is play. this name is good but people will take profit.COST Costco’s stock price has seen a significant increase recently, and there are several reasons behind this rise to $820:
Strong Sales Performance: Costco posted net sales of $19.8 billion for April, up 7.1% from $18.48 billion in the year-earlier period1. Net sales for the fiscal 35 weeks were $166.44 billion, up 7% from $155.62 billion a year earlier1.
Shift in Consumer Behavior: Due to rising restaurant prices, many consumers are opting to buy groceries and cook at home instead1. This shift in consumer behavior is benefiting grocery businesses like Costco1.
Membership Model: Costco’s membership model is also a significant contributor to its success. The warehouse club’s members pay $60 a year for a basic Gold membership or $120 for an Executive membership, which comes with 2% cash back up to $1,0001.
Analyst Upgrades: After reviewing Costco’s strong April sales data, analysts have raised their price targets for the company. For instance, TheStreet Pro’s Chris Versace raised his price target on Costco to $830 from $8001. Similarly, Loop Capital analysts raised the firm’s price target on Costco to $840 from $8201.
Earnings Expectations: Costco is expected to report earnings on May 30, 2024, for the fiscal quarter ending May 20242. The consensus EPS forecast for the quarter is $3.69, which is higher than the reported EPS for the same quarter last year ($3.43)2. This positive earnings expectation could also be driving the stock price up.
COST bears trying to hold this down, might see gap up tomCOST PT hit, hope a few caught the moveCOST as low as 698 in the forecast but see this bouncing there to about 720COST This is how I see this playing out, long looks great.
COST earnings recovery, this stock is still gonna grow substantially this year. More and more young people using wholesalers and costco is king.