Costco Stock’s Hidden 7% Retention Moat Is Real — Its 46x Valuation Is the Catch
Costco Wholesale shares rose about 0.8% to $923.65 in midday trading on Monday after RBC Capital Markets initiated coverage with a Sector Perform rating — roughly a hold — and a $1,000 price target. That leaves about 8.3% price upside from the current quote.