Why Costco (COST) is a Top Growth Stock for the Long-Term (2024)

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e=r.searchBoxForm.querySelector("[name=fr]"),n=r.searchBoxForm.querySelector("[name=fr2]");e&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr&&(e.value=i.searchBox.params.fr,e.disabled=!1),n&&r.config.searchBox&&r.config.searchBox.params&&r.config.searchBox.params.fr2&&(n.value=i.searchBox.params.fr2,n.disabled=!1),r.searchBoxForm.submit()}}),1e3)},r.recognition.onspeechstart=function(){},r.recognition.onspeechend=function(){r.recognition.stop()},r.recognition.onerror=function(){r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_error")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play()},r.recognition.onaudiostart=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.add("listening")},r.recognition.onaudioend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("listening")},r.recognition.onsoundstart=function(){r.hideTrending(r),r.noSpeech=!1,r.speechButtonContainer&&(r.speechButtonContainer.classList.remove("listening"),r.speechButtonContainer.classList.add("speaking"))},r.recognition.onsoundend=function(){r.speechButtonContainer&&r.speechButtonContainer.classList.remove("speaking")},r.recognition.onstart=function(){r.recognitionInit(r),r.startRecognition(r)},r.recognition.onend=function(){r.isRecognitionStart=!1,0==r.noSpeech&&""==r.speechResult&&(r.speechText&&(r.speechText.innerText=r.i18n.t("search.voice.recognition_nomatch")),r.hideTrending(r),r.showRetryLink(r),r.errorAudio.play())},document&&document.dispatchEvent&&document.dispatchEvent(new Event("VOICE_JS_READY"))}}o.I18n=m,o.prototype.renderPermissionGuide=function(e){var n='\n

    \n

    \n

    \n

    \n

    \n

    \n

    \n

    '.concat(e.i18n.t("search.voice.permission_title"),'

    \n

    ').concat(e.i18n.t("search.voice.permission_text"),"

    \n

    \n

    \n

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    \n

    \n

    \n

    \n

    \n

    \n \n \n \n \n \n \n

    \n

    \n

    \n \n \n '.concat(e.i18n.t("search.voice.recognition_retry"),'\n

    \n

    \n

    \n

    \n

    \n

    \n ').concat(e.i18n.t("search.voice.trending_title"),'\n \n

    \n

    \n

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e)&&("SpeechGrammarList"in e||"webkitSpeechGrammarList"in e)}}],d=0;d0){var n=e.speechResult.charAt(e.speechResult.length-1);"."!==n&&"?"!==n&&"。"!==n&&"?"!==n||(e.speechResult=e.speechResult.slice(0,-1))}},o.prototype.sendBeacon=function(n,t){var o=e.YAHOO.ULT||{},i=e.YAHOO.SB||{};if(o.beacon_click){var r={_S:i.config.i13n.spaceid,_I:i.config.i13n.pvid,actn:n,sec:"search",slk:t};e.YAHOO.ULT.beacon_click(r)}},o.prototype.ajaxReq=function(t,o){var i,r,a=XMLHttpRequest.DONE||4,s=new XMLHttpRequest;if(n.documentMode&&n.documentMode<10)return(new e.XDomainRequest).onload=function(){try{r=JSON.parse(i),o(r)}catch(e){return}},s.open("GET",t),void s.send();s.onreadystatechange=function(){if(s.readyState===a)if(200===s.status){i=s.responseText;try{r=JSON.parse(i),o(r)}catch(e){return}}else o(r)},s.open("GET",t,!0),s.timeout=1e4,s.send()},e.YAHOO||(e.YAHOO={}),e.YAHOO.Util||(e.YAHOO.Util={}),e.YAHOO.Util.VoiceSearch=o}(window,document)}();var Wn={containerClass:Un.tooltip,textClass:Un.tooltip__text,showClass:Un["tooltip--show"]},Jn=["zh-hant-tw","zh-hant-hk"];ye("ybar-mod-searchbox",(function(e){var n={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(Un["sa-btn-bar"])),voiceSearchBtn:document.getElementById("ybar-sbq-voice"),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(Un["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(Un["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(Un["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x")};!function(e,n){var t,o,i,r=e.getConfig();if(n.ybar&&"desktop"===r.device&&(null===(t=r.bucketConfig)||void 0===t?void 0:t.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){n.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=n.searchForm)||void 0===i||i.classList.add(Un[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Un.overlay,Un[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(n.searchForm,"focusout",(function(e){if(n.searchForm&&n.searchInput){var t=e.relatedTarget;t&&!n.searchForm.contains(t)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,n),zn(e,n),n.voiceSearchBtn&&function(e,n){var t=e.getConfig(),o=t.locale,i=function(){var e,t;(null===(t=null===(e=window.YAHOO)||void 0===e?void 0:e.Util)||void 0===t?void 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    Why Costco (COST) is a Top Growth Stock for the Long-Term (2024)

    FAQs

    Why Costco (COST) is a Top Growth Stock for the Long-Term? ›

    Their success is built on appealing valuations relative to the broader market and business models that have proven durable in the face of economic uncertainty.

    Is Costco a good long term stock? ›

    Costco stock holds a 5 out of a possible 99 in Investor's Business Daily's Earnings Stability Rating. A lower number shows more steady earnings over the last three to five years. Analysts forecast 10% profit growth for Costco stock during both fiscal 2024 and 2025.

    What is the long term growth rate of Costco? ›

    On the yearly basis, average annual sales growth for Costco Wholesale is 11.34%, while S & P 500's including only Businesses with the third quarter 2024 earnings, average annual sales growth is 7.58% over the past five years. Seq. Seq.

    Is Costco a fast growing company? ›

    Wall Street is well aware of the strength of Costco's membership business model. It knows that revenue has grown at an annualized rate of nearly 9% a year over the past decade, and earnings have expanded by nearly 12% annually during that time frame. That's why the stock has risen so dramatically.

    Why is Costco stock so successful? ›

    The stock's outperformance has come with consistently strong sales growth, loyal membership, and an increased global footprint. None of that has changed, as shoppers are still flocking to its stores: At a time when inflation is still biting, cheap eats and bulk value are resonating with many consumers.

    Does Costco have a future? ›

    The Bottom Line

    Since the stock has returned a staggering 240% to shareholders over the last five years, it looks like investors are recognizing these changes. In light of that, we think it's worth looking further into this stock because if Costco Wholesale can keep these trends up, it could have a bright future ahead.

    What stocks will skyrocket in 2024? ›

    Best S&P 500 stocks as of September 2024
    Company and ticker symbolPerformance in 2024
    Howmet Aerospace (HWM)78.6%
    General Electric (GE)71.2%
    Targa Resources (TRGP)69.1%
    Constellation Energy (CEG)68.3%
    6 more rows

    Which is the best stock for next 20 years? ›

    best long term stocks
    S.No.NameQtr Profit Var %
    1.Ksolves India18.68
    2.Nestle India6.91
    3.Tips Industries60.74
    4.Waaree Renewab.208.77
    22 more rows

    Which stock is best to buy for 5 years? ›

    Top 10 Stocks to Buy for Long Term
    • Reliance Industries Limited. Tata Consultancy Services. ...
    • Reliance Industries Limited (RIL) ...
    • Tata Consultancy Services (TCS) ...
    • Infosys Limited. ...
    • HDFC Bank. ...
    • ITC Limited. ...
    • Hindustan Unilever Limited. ...
    • Asian Paints.
    Aug 29, 2024

    Is Costco stock too expensive? ›

    Its valuation has risen with it. Its stock was trading at 50.3 times 12-month forward earnings on Tuesday, just a touch below its record of 51.2 hit on Aug. 27. Costco is never that expensive—it has an average price/earnings ratio of 29 over the past 20 years—and every occasion of a 50+ P/E has occurred in 2024.

    What is Costco's growth strategy? ›

    Costco has been expanding its product offerings beyond traditional bulk grocery items. The company has successfully introduced more discretionary products, such as electronics, apparel, and home goods, to its inventory mix. This diversification strategy is aimed at attracting new customers and increasing sales.

    Is Costco financially stable? ›

    COST has consistently shown solid revenue growth and attractive profit margins. For the retail month that ended July 7, 2024, the company's net sales were $24.48 billion, up 7.4% year-over-year. Moreover, e-commerce demand remains a significant driver for Costco, with comparable sales up 18.4% for the period.

    Who is the biggest competitor to Costco? ›

    Costco Wholesale Corp's (COST) main competitors in the highly competitive retail market of large discount stores are Walmart Inc. (WMT) and Target Corporation (TGT). These companies are also sometimes classified as consumer defensive stocks.

    Is Costco a good stock to buy? ›

    Based on analyst ratings, Costco's 12-month average price target is $936.05. Costco has 5.04% upside potential, based on the analysts' average price target. Costco has a consensus rating of Strong Buy which is based on 18 buy ratings, 4 hold ratings and 0 sell ratings.

    Is it safe to invest in Costco? ›

    Investors should understand Costco's business model before investing in the company's stock because it is a very real risk given current trends.

    Is Costco a high risk stock? ›

    Costco Wholesale Corp has a volatility of 1.29 and is 1.61 times more volatile than Dow Jones Industrial. 11 percent of all equities and portfolios are less risky than Costco Wholesale. You can use Costco Wholesale Corp to protect your portfolios against small market fluctuations.

    Is Costco a good place to invest? ›

    As a result, the company's stock has become one of the most reliable long-term investment options, rallying Wall Street with consistent earnings growth and expansions abroad. Costco's share price hit an all-time high this month, reaching just under $843 per share.

    What is the future forecast for Costco stock? ›

    Costco Stock Forecast

    The 27 analysts with 12-month price forecasts for Costco stock have an average target of 823.96, with a low estimate of 585 and a high estimate of 975. The average target predicts a decrease of -8.49% from the current stock price of 900.40.

    Is Costco financially healthy? ›

    COST has consistently shown solid revenue growth and attractive profit margins. For the retail month that ended July 7, 2024, the company's net sales were $24.48 billion, up 7.4% year-over-year. Moreover, e-commerce demand remains a significant driver for Costco, with comparable sales up 18.4% for the period.

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