Is Costco Stock a Buy Now or Still Too Expensive to Touch?

Costco Wholesale Corporation is trading at a premium valuation with a forward 12-month P/E of 46.21, significantly higher than industry and S&P 500 averages, making it an expensive stock despite strong fundamentals. While its membership model and consistent sales growth provide resilience, analysts suggest a “Hold” rating, advising existing investors to maintain positions and new investors to await a more attractive entry point. The company continues to show robust performance, outperforming some peers year-to-date, but its high valuation warrants caution.