If you have ever wondered whether Costco Wholesale is still a smart buy at around $887 a share, you are not alone. Plenty of investors are trying to figure out if the current price still leaves room for value.
The stock has slipped recently, down about 2.7% over the last week, 3.8% over the past month, and 2.5% year to date, yet it still sits on gains of 89.6% over 3 years and 150.5% over 5 years, which keeps the long term story in focus.
Much of the recent share price action has been driven by ongoing optimism around Costco’s membership model and steady traffic growth, as shoppers continue to prioritize value and bulk buying. At the same time, investors have been weighing macro worries and shifting retail trends, which has added some…
