#6 - Costco (NASDAQ:COST)
Costco (NASDAQ: COST) was one of the biggest winners throughout 2020. As the company’s loyal membership dutifully filled their carts and their pantries, shares of COST stock soared 29% from its pandemic low until the end of 2020.
And Costco stock is up another 19% in 2021 despite suffering a steep selloff in March. The company does face some headwinds. First, the economy is reopening which may change consumers' shopping habits. And second, Costco consumers are seeing the effect of inflation in the groceries they purchase. However, one of the strengths of Costco is its membership fee. And the company still has high member retention.
Six analysts have boosted their price target on COST stock since the company last reported earnings. And one of those analysts, Loop Capital, gives the company a $500 price target. And even if the company doesn’t quite achieve that rate of growth, it still delivers a safe dividend that it has increased each year for the last 16 years.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
Read More - Current Price
- $954.07
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 19 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $1,011.74 (6.0% Upside)
