Costco Wholesale Corporation (COST) has been garnering investor attention and is being touted as a worthwhile investment by prominent personalities like Jim Cramer. The corporation reported strong Q4 growth with surging e-commerce revenues, crossing a $61 billion milestone. According to Cramer, the bulk merchandise and compelling business model along with its membership model are significant growth drivers. Costco's strong free cash flow might boost COST stock by 20%. The corporation is perceived as a 'safe' and 'defensive' stock by many investors and analysts. However, there have been reports of insider selling by Director Kenneth Denman and Susan Decker. Notwithstanding, Reddit users and billionaire Ray Dalio consider COST among the best investment options. COST has seen a raised price target by DA Davidson and Morgan Stanley, forecasting it might even reach $1150. Reports suggest an impending stock split, which could create investment opportunities for potential investors. Despite recent intensifying market uncertainty, COST stock continued to rise and sales surged to a whopping $21.9 billion in November. Future prospects endure as Costco continues to expand its digital presence.
Costco Wholesale Corp COST News Analytics from Mon, 20 May 2024 07:00:00 GMT to Fri, 27 Dec 2024 21:19:28 GMT -
Rating 8
- Innovation 3
- Information 9
- Rumor -6
