COST → $631.00 by Feb 4, 2029.

Did a complete model of Costco operations. I gave them a generous growth rate on their revenue drivers and maintained cost controls for their store expansion of 23/yr. my math coves out to $256 Billion, $310 Billion and $278 Billion for their valuations in scenarios where I played around with their drivers and capex led by store growth. in my base case, their share value should be at $631. I think their current trading at a high P/E of 52-53x …