Reported about 1 year ago
Costco has seen a 32% increase in its stock price in 2024, raising the question of whether it could hit $1,000 per share with a potential stock split. The company's growth, strong financial performance, and potential price hike in its membership program contribute to investor speculation. Despite the possibility of reaching $1,000 per share, it is advised to focus on valuation rather than stock split excitement, as the company's high price-to-earnings ratio suggests steep premium pricing. Investors are urged to consider the company's financials and valuation before investing in Costco Wholesale.
Source: YAHOO