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Down 19.6% in 2022, Is Costco Stock a Buy for 2023?

Costco has done an excellent job providing bargains for its customers.

By Parkev Tatevosian, CFA – Jan 10, 2023 at 10:29AM EST

Costco's (COST 0.84%) stock price fell amid broader stock market declines in 2022. In this video, I will determine whether Costco's stock is a buy for 2023 and beyond.

*Stock prices used were the afternoon prices of Jan. 7, 2023. The video was published on Jan. 9, 2023.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Costco Wholesale Stock Quote
Costco Wholesale
NASDAQ: COST
$997.36
(-0.79%)-$7.94

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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