Why 2017 Was a Year to Forget for Costco Wholesale Corporation
Coming into 2017, Costco Wholesale (NASDAQ: COST) investors were looking for hints that the warehouse retailer would update its business model to adapt to online competitors like Amazon.com (NASDAQ: AMZN). Prior to this year, Costco had made modest changes to make e-commerce a bigger part of its business, but overall, the company is relying on its traditional strategy of opening new stores, adding members, and growing comparable sales.
Indeed, that strategy is still working, but investors are skeptical about the company's future.
Image source: Getty Images.
Source: Fool.com
Costco Wholesale Stock
€749.10
-0.340%
With 69 Buy predictions and not a single Sell prediction Costco Wholesale is an absolute favorite of our community.
With a target price of 804 € there is a slightly positive potential of 7.33% for Costco Wholesale compared to the current price of 749.1 €.
