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Will Costco’s Valuation Stall the Rally in Its Stock?

Adrian Stevens
Will Costco’s Valuation Stall the Rally in Its Stock?

Costco’s (COST) solid sales and earnings growth have driven its stock higher so far this year. Costco stock is up 26.1% YTD (year-to-date) as of September 21. Given the recent uptrend, analysts believe that Costco stock is fully priced at this moment. A couple of analysts have recently downgraded its stock, citing its high valuation.