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The stock price is approaching the $1,000 mark, raising the possibility of Costco implementing a stock split for the first time in 26 years?
Costco's forward price-to-earnings ratio has reached a high of 48.57 times, indicating an elevated valuation level. This has led institutional analyst Dividend Collection Agency to believe that the company is likely to implement a stock split in the short term.
JPMorgan raised Costco's target price to $1,060.
Gelonghui, March 9 | JPMorgan raised its price target for Costco from $1,050 to $1,060 and maintained an "Overweight" rating. (Gelonghui)
Guggenheim Maintains Costco(COST.US) With Hold Rating
Weekly Earnings Scoreboard: 100% EPS Beat Rate as 75% of Firms Deliver Y/Y Growth
A Quick Look at Today's Ratings for Costco(COST.US), With a Forecast Between $769 to $1,130
Costco, Sam's Club Spark China's Consumer Shift to Warehouse Shopping -- Barrons.com