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),Fn(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? ›

    Looking at cash flow, Costco is expected to report cash flow growth of 10.4% this year; COST has generated cash flow growth of 14.1% over the past three to five years. COST should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.

    Why growth stocks are the best? ›

    In the most straightforward terms, growth stocks are not only growing revenues at a faster-than-average pace, they also typically reinvest those revenues into their businesses to spur future growth.

    What is the future growth of Costco? ›

    Its bottom-line is projected to rise 9.2% year-over-year for 2024, while Wall Street anticipates its top line to improve by 4.6%. Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.09 to $16.04 per share.

    Is cost a good long-term investment? ›

    Earnings and sales are forecasted to increase 9.1% and 4.5% year-over-year, respectively. Nine analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.32 to $16.03 per share. COST also boasts an average earnings surprise of 2.6%.

    What is the prediction for Costco stock? ›

    Stock Price Forecast

    The 28 analysts with 12-month price forecasts for Costco stock have an average target of 761.79, with a low estimate of 585 and a high estimate of 940. The average target predicts a decrease of -10.20% from the current stock price of 848.31.

    Which is the best growth stocks? ›

    growth stocks for future
    S.No.NameROCE %
    1.Ksolves India197.29
    2.Tuticorin Alkali146.32
    3.Tips Industries106.57
    4.Jyoti Resins65.87
    23 more rows

    Which is better growth or income stocks? ›

    GROWTH IS USUALLY THE MAIN POINT of an investing strategy. But, depending on your goals, income-producing investments may be equally if not more important.

    Why is Costco a good long term investment? ›

    Key Points. Costco is gaining new members and maintaining high renewal rates. The company's comps are rising and its margins are stabilizing in a challenging environment. It's opening new stores as other retailers shrink their businesses.

    What is the growth strategy of Costco? ›

    Costco's strategic approach involves identifying untapped markets and tailoring offerings to meet customer preferences, allowing it to establish a solid presence in the retail sector. This retail bellwether has been steadily expanding its footprint through new club openings in the domestic and international markets.

    Why is Costco so much better? ›

    When compared to other similar retailers, Costco's competitive advantage lies in its own private label, its discount prices, and its membership dues. This has provided customers with a product that they can rely on at low prices.

    Is Costco a good stock to buy in 2024? ›

    Comparable-store sales growth remained steady in 2023 and accelerated to an 8% increase in early 2024. There's an even better metric to judge the chain, though, and that's its renewal rate. As a membership club, it's critical that Costco convince its existing membership base to continue paying its annual fees.

    Why is Costco stock soaring? ›

    Costco, Stock Of The Day, Breaks Out Amid Rising Profit Estimates, Surging Gold Sales. Robust monthly sales data is giving Costco earnings estimates a boost.

    Which stock is best for long term? ›

    • Reliance Industries Limited.
    • Tata Consultancy Services.
    • Infosys Limited.
    • HDFC Bank.
    • ITC Limited.
    • Hindustan Unilever Limited.
    • Asian Paints.
    • Bharti Airtel.
    2 days ago

    Where will Costco stock be in 5 years? ›

    Costco stock price stood at $848.31

    According to the latest long-term forecast, Costco price will hit $1100 by the end of 2025 and then $1200 by the end of 2026. Costco will rise to $1300 within the year of 2027, $1500 in 2028, $1700 in 2029, $1800 in 2030 and $2000 in 2033.

    Who owns the most Costco stock? ›

    According to the latest TipRanks data, approximately 46.12% of Costco (COST) stock is held by retail investors. Who owns the most shares of Costco (COST)? Vanguard owns the most shares of Costco (COST).

    What is the highest Costco stock has ever been? ›

    Historical daily share price chart and data for Costco since 1986 adjusted for splits and dividends. The latest closing stock price for Costco as of June 21, 2024 is 848.31. The all-time high Costco stock closing price was 870.75 on June 18, 2024.

    What is the disadvantage of growth stocks? ›

    Disadvantages of growth stocks
    • The risk potential always follows the potential returns. ...
    • High valuations make some investors nervous. ...
    • Foregone dividend income adds opportunity cost.
    Mar 21, 2024

    Why growth is more important than profit? ›

    Though the present profitability of a company may be good, growth opportunities should always be explored since they offer opportunities for greater overall profitability and keeps analysts and potential, or current, investors interested in the company.

    What is the importance of growing stock? ›

    In simple terms, Growing Stock is the volume of all living trees in a forested area. Periodic estimation of the growing stock of wood is essential for developing national policies and strategies for sustainable use of the forest resources.

    What are the advantages of growth investment strategy? ›

    One of the main benefits of investing in growth shares is the potential for higher share price returns if companies succeed in delivering above-average earnings growth. Growth shares also tend to outperform during favourable economic conditions when investor confidence is high.

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