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Home/News Feed/Costco hits 52-week high after 13% dividend hike, but $1,400 target by 2028 faces valuation challenges.
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Costco hits 52-week high after 13% dividend hike, but $1,400 target by 2028 faces valuation challenges.

Company Fundamentals
19 May 2026
24/7 Wall Street
View Source
Bullish
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Costco reached a new 52-week high following a 13% increase in its quarterly dividend, marking 22 years of consecutive raises. The company reported strong Q2 FY2026 results with $69.6 billion in revenue, 82.1 million paid memberships, and a 89.7% renewal rate. Despite a 25% year-to-date share gain, valuation multiples remain high, with a forward P/E around 53, making a $1,400 share price by 2028 ambitious. To hit that target, Costco needs sustained membership growth, increased warehouse count, and strong sales, but risks include consumer pullbacks and valuation compression.

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