Where Will Costco Stock Be In 2028?

Costco raised its quarterly dividend 13% to $1.47 per share, extending 22 consecutive years of dividend increases, and reached a fresh 52-week high. Q2 FY2026 revenue totaled $69.6 billion, with 82.1 million paid memberships and a 89.7% worldwide renewal rate. Shares are up 25.19% year to date. Valuation metrics remain elevated, with a trailing P/E of 55, PEG of 5.12, and EV/EBITDA of 31.11. Sentiment cooled to a neutral composite reading. A federal disability discrimination verdict with a $200,000 award adds an ESG overhang. Consensus targets show limited upside, while internal scenarios place 2028 outcomes between $1,039.61 and $1,346.29, with a base case of $1,225.

"At $1,076.47 against forward EPS of $20.19, Costco trades at roughly 53x forward earnings. Shares sit fractionally below the 52-week high of $1,079.83 and well above the 52-week low of $841.69. That is rich on every traditional yardstick. But the 10-year return of 793.26% tells you exactly why investors keep paying up: this membership flywheel has rewarded patience"

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