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COST

Costco Wholesale Corp

NASDAQ: COST · CONSUMER DEFENSIVE · DISCOUNT STORES

$1,014.53
+1.59% today

Updated 2026-04-29

Market cap
$450.10B
P/E ratio
52.62
P/S ratio
1.57x
EPS (TTM)
$19.28
Dividend yield
0.52%
52W range
$842 – $1,061
Volume
1.8M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Costco Wholesale Corp (COST) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$1,014.53
Consensus
$1,078.00
+6.26%
2030 Target
$912.94
-10.01%
DCF
—
—
20 analysts:
14 Buy5 Hold1 Sell

Management guidance

Costco management has announced plans to open 30 new warehouse locations annually, signaling aggressive expansion. CEO guidance implies continued double-digit comparable sales growth driven by membership strength, digital investments (22.6% digitally-enabled comp sales growth in Q2 FY2026), and international expansion. No specific revenue target stated, but expansion pace and membership dynamics support 8-10% annual revenue growth through 2030.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,521.57
$416.6B Rev × 1.6x P/S
Base case (2030)
$912.94
$416.6B Rev × 1x P/S
Bear case (2030)
$608.63
$416.6B Rev × 0.6x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$242.3B$254.5B$275.2B$304.6B$328.0B$355.8B$385.0B$416.6B
Revenue growth—5.0%8.2%10.7%7.7%8.5%8.2%8.2%
EPS$10.89$16.36$4.50$20.89$22.96$25.26$27.68$30.24
P/S ratio———1.0x1.0x1.0x1.0x1.0x
Implied price———$710.07$710.07$811.50$912.94$912.94

Catalysts & risks

Growth catalysts
+ 30 new warehouse locations annually expanding total footprint and market penetration
+ Digital transformation with 22.6% comp sales growth and AI-driven personalization driving higher conversion
+ Membership renewal strength at record levels with 13% dividend increase signaling confidence in cash generation
+ International expansion particularly in underpenetrated markets supporting mid-teen growth rates
+ Gas station and ancillary services (e.g., first standalone gas station opening summer 2026) generating incremental traffic and margin expansion
Key risks
- Tariff headwinds impacting product cost and margins (noted as minor but persistent in Q2 2026)
- Consumer spending softness if recession materializes, pressuring discretionary categories
- Membership fee inflation required to sustain margins may face resistance; Sam's Club hiking fees could set precedent
- Competitive intensity from Amazon, Walmart, and BJ's expansion into Costco-adjacent markets
- E-commerce pressure on wholesale warehouse model as omnichannel spending shifts online

Methodology

Costco Wholesale Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 20 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 24, 2026.