Costco Stock Is 14% Below Its Record. History Says Buyers Have Usually Been Rewarded.

Costco stock has fallen 14% from its May record to around $942. Historically, such drops have led to gains within a year in 7 of 9 instances since 2010, with a median return of 21%. September's comparable sales growth of 7.6% (up from 5.4% in August) suggests the slowdown has reversed. However, at 45x earnings, the current valuation resembles the 2022 drops that saw minimal gains, prompting the analyst to recommend gradual buying rather than aggressive investment.