Costco Stock Price Forecast 2026 to 2035:- In the world of retail, few companies command the same level of cult-like loyalty as Costco Wholesale Corp (COST). Whether it’s the $1.50 hot dog combo or the treasure hunt experience of its warehouse aisles, the company has built an impenetrable moat. As we look at the Costco Stock Price forecast from 2026 to 2035, we are analyzing a business that isn’t just selling groceries—it’s selling a membership to a high-efficiency ecosystem.
As of early January 2026, the Costco Stock Price is trading near $925.89, having recently broken out of a consolidation phase. While the stock has often been criticized for its “expensive” valuation, history has shown that Costco consistently grows into its multiples.
The Immediate Outlook: Costco Stock Price (2026 – 2027)
Entering 2026, Costco is in the midst of a significant operational overhaul. The company is leaning into technology while maintaining its core “low-margin, high-volume” philosophy.
2026: The Year of the Technology Pivot
In 2026, the Costco Stock Price is being driven by margin expansion through efficiency.
- Streamlined Checkout: New “pre-scan” technology, which allows employees to scan items while customers are still in line, is improving checkout speeds by up to 20%.
- Membership Fee Tailwinds: The full impact of the late-2024 fee increase (to $65 for Gold Star and $130 for Executive) is now flowing directly to the bottom line, adding an estimated $350 million in incremental operating profit.
- Warehouse Expansion: Costco plans to open approximately 35 new warehouses in fiscal 2026, including the largest location in Latin America (Monterrey, Mexico).
- Price Target: Analysts have set a median 12-month Costco Stock Price target of $1,039.13, with some bulls projecting a stretch to $1,175.00 if e-commerce growth remains above 20%.
2027: The Special Dividend Cycle
Costco is famous for its occasional “Special Dividends.” With a cash balance exceeding $17 billion in early 2026, investors are anticipating a significant one-time payout by 2027. Historically, these announcements trigger a 5-8% surge in the Costco Stock Price.
Mid-Term Growth: Costco Stock Price (2028 – 2030)
By 2028, the “International Era” of Costco will be in full swing. While the U.S. and Canada remain the core, the real growth engine for the Costco Stock Price will be Asia and Europe.
International Scaling and E-commerce
- China and Japan Expansion: Costco’s success in China has proven that its membership model transcends cultural boundaries. By 2030, international locations could account for 35% of total revenue.
- Digital Integration: The “Costco App” is expected to evolve from a simple digital card to a robust e-commerce platform that competes directly with Amazon and Walmart+ for bulk household delivery.
- 2030 Target: If Costco maintains its 8-10% annual revenue growth and keeps its 90%+ membership renewal rate, the Costco Stock Price could realistically trade between $1,400 and $1,650.
Long-Term Vision: 2031 – 2035
Predicting a stock price a decade out requires looking at the “End Game” of retail. By 2035, Costco will likely have doubled its global footprint.
The “Fortress Retail” Thesis
By 2035, the Costco Stock Price will reflect a company that has mastered the “Hybrid Warehouse” model.
- Autonomous Logistics: Expect Costco to be a leader in autonomous trucking for middle-mile logistics, further driving down the cost of goods and protecting its “Kirkland Signature” margins.
- Health and Wellness Services: Costco is already expanding into pharmacy, optical, and hearing aids. By 2035, primary care or telehealth could be a standard membership perk, significantly increasing the “stickiness” of the executive tier.
- Sustainability Leadership: As carbon taxes become a global reality, Costco’s high-efficiency, solar-powered warehouses will face lower regulatory costs than traditional, sprawling retail footprints.
2035 Price Target Range: * Base Case: $2,100
- Bull Case: $2,600+ (Reflecting a possible stock split and sustained global dominance).
Key Performance Indicators (Forecast)
| Year | Warehouse Count (Est.) | Membership Fee Revenue | Share Price Target Range |
| 2026 | 950+ | $5.2 Billion | $975 – $1,100 |
| 2028 | 1,020+ | $6.4 Billion | $1,250 – $1,350 |
| 2030 | 1,100+ | $8.1 Billion | $1,450 – $1,650 |
| 2035 | 1,300+ | $12.5+ Billion | $2,200 – $2,600 |
FAQ: Costco Stock Price Forecast
Is Costco overvalued in 2026?
With a P/E ratio often hovering around 45x–48x, Costco is always “expensive” compared to the S&P 500 average. However, investors pay a premium for its nearly 100% predictable cash flow from membership fees.
Will Costco do a stock split by 2030?
It is a strong possibility. With the Costco Stock Price potentially crossing $1,500, management may follow the lead of Walmart and Amazon to make the nominal share price more accessible to retail investors and employees.
What are the biggest risks to the 2035 forecast?
The primary risks are:
- Succession Risk: The transition of leadership over the next decade.
- E-commerce Disruption: If a competitor manages to replicate the bulk-value model with faster, cheaper shipping.
- Geopolitical Tension: Specifically in China, where Costco is investing heavily.
Why does the membership renewal rate matter so much?
Membership fees account for the vast majority of Costco’s net profit. As long as renewal rates stay above 90%, the Costco Stock Price has a “valuation floor” that most retailers lack.
Conclusion
The decade-long outlook for the Costco Stock Price is one of steady, compounding growth. Costco is one of the few businesses that actually benefits from economic uncertainty, as consumers flock to the warehouse for value during inflationary periods.
From 2026 to 2035, the narrative will shift from “Can Costco compete with Amazon?” to “How many more services can Costco fit into a membership?” For the patient investor, the next ten years look like a continuation of the same winning formula that has made Costco a legendary wealth-builder.