Costco Wholesale Corp
COST: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$414.00 | Kcf | Ycpyllmxb |
Costco Earnings: Attractive Prices and Product Assortment Drive Further Traffic Gains; Shares Rich
Wide-moat Costco posted impressive fiscal 2024 third-quarter results, and we plan to slightly raise our $500 fair value estimate as we remain confident in its financial outlook. Still, we think shares are significantly overvalued.