3 Reasons Costco Stock Is a Buy Even After Its 2023 Rally
Costco Wholesale (NASDAQ: COST) almost never goes on sale. Unlike the prices at its warehouse locations, its stock valuation tends to remain elevated compared to its retailing peers like Walmart and .
True to form, Costco's stock has outperformed these and other industry rivals so far in 2023, up nearly 20% through early July. Yet there are some good reasons for this rally, and the stock could still deliver strong returns for investors from here. Let's look at a few reasons why its shares still look attractive.
Most national retailers are facing a growth slowdown following several years of above-average demand. Costco is no exception, but its wider merchandise selection is helping it navigate the current demand slump.
Source Fool.com
Target Corp. Stock
€135.48
-1.280%
With 43 Buy predictions and 1 Sell predictions Target Corp. is one of the favorites of our community.
With a target price of 168 € there is a positive potential of 24.0% for Target Corp. compared to the current price of 135.48 €.
