Is Costco Still a Buy at $1,000 per Share?

In the retail sector, Costco (NASDAQ: COST) has been one of the biggest long-term winners. A favorite of Warren Buffett's late partner, Charlie Munger, Costco's killer business model, low-price ethos, and consistent growth even in a tough retail environment have made for another winning year in 2024. But with the stock up another 50.8% in 2024 and Costco's share price recently touching $1,000 per share, are shares still a buy? Make no mistake, Costco isn't a cheap stock. Shares currently go for a whopping 58 times earnings. That type of valuation is usually reserved for high-growth tech companies, not large and mature retailers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool