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Costco shares rise 20% in 2026 amid six straight earnings beats, but high valuation poses risks.

Company Fundamentals
06 Nov 2026, 15:33 WIB
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Bullish
Costco shares rise 20% in 2026 amid six straight earnings beats, but high valuation poses risks.

Costco's stock has surged 20% this year following six consecutive quarters of earnings beats, with fiscal 2026 revenue growing over 10%. The company’s strong membership growth and digital sales expansion support bullish price targets around $1,098, signaling potential further gains. However, a high trailing P/E of 49 and a PEG ratio above 5 raise concerns about valuation risks that could stall the rally if growth slows. Analysts remain optimistic but caution that sustained earnings momentum and membership growth are key to maintaining the upward trend.

Costco's stock trades at USD 1,046.95 on Pluang as of Nov 06, 2026 20:41 WIB, just below its 52-week high of $1.09K. Despite the recent 1-day decline of 1.75%, the stock remains well above its 52-week low of $849.63. The platform shows a strong sell sentiment with 95% of orders to sell, contrasting with the article's bullish outlook based on earnings growth and membership expansion.

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