Costco is a wholesale retailer selling discounted goods through membership warehouses and online in the US, Canada, Mexico and other countries around the world. The two fastest-growing areas are fresh foods and hardline products. Learn the latest information and analysis on the company, COST stock price today, stock news, how much one share costs and other information to help you make investment decisions. Check Gainy app to see how much the price has changed recently as well as insights on stock prices and more.
Costco outperformed the market from April 2021 to the end of the year. The Costco stock price grew by 56% until the end of the year but went down with the rest of the market at the beginning of 2022. The stock’s price pattern is closely related to the business cycle but it outperforms the market when business is down. It is a very strong company with something of a cult following both in terms of the customers and investors.
However, many analysts are bearish on this stock and believe the company’s valuation is at least double of its fair value and point out fundamental issues, such as cash flow. It will be interesting to see what will happen to the stock when the economy readjusts and interest rates go back up, as nobody knows for sure.
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