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Is It Worth Investing in Costco (COST) Based on Wall Street's Bullish Views?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about Costco (COST) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Costco currently has an average brokerage recommendation (ABR) of 1.85, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 37 brokerage firms. An ABR of 1.85 approximates between Strong Buy and Buy.
Can Costco Stock Reach New Highs in Member Monetization?
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Costco: Patient Investors Know the Bear Case (NASDAQ: COST)
Costco (COST -0.97%) has trounced the S&P 500 index in recent times. The warehouse club operator's shares produced total returns of 125% and 564%, respectively, in the past five and 10 years (as of Aug. 13). Fantastic gains don't always have to come from the technology sector.
With an outstanding performance like that, it can be challenging for investors not to be overly optimistic about the retail stock's prospects. This is especially true as the business continues to operate from a position of fundamental strength.
But the most patient investors have taken the time to understand Costco's bear case. This will certainly provide a more thorough understanding of this opportunity.
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