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Costco’s Market Cap and Growth Potential
Costco Wholesale (NASDAQ: COST), currently valued at $420 billion, is being speculated as a potential candidate to join the ranks of companies with a market cap exceeding $1 trillion. This comes in a climate where several tech firms, including Microsoft, Nvidia, and Amazon, have already surpassed this threshold.
Since going public at $1.67 per share on December 5, 1985, Costco’s share price has risen to approximately $950, yielding a 56,786% gain over nearly 40 years. The company has expanded its warehouses from 11 to 891 and increased its cardholders from 1.3 million to 136.8 million. Analysts project Costco’s revenue and earnings per share may grow at a compound annual growth rate of 8% and 10% respectively from fiscal 2024 to fiscal 2027, but its market cap is expected to reach only $630 billion by 2033, falling short of the $1 trillion mark.
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