29/6/2024, 2:59:02 pm

Can Costco Become a Trillion-Dollar Stock By 2030?

Costco's market capitalization is $379 billion, and it would need to rise by 164% over the next six years to reach $1 trillion by 2030, equivalent to an annualized growth pace of 17.6%. The company has consistently grown revenue and earnings, with a 644% expansion in market cap over the past decade. However, its current price-to-earnings ratio of 53 is considered a nosebleed valuation.