Analyse Costco Wholesale stock

Confirmed: The consensus price target of 956.62 EUR is around +15.0% above the current price of 831.76 EUR and therefore within the required plausibility range of ±25%.
Quantitative: The current P/E ratio of 46.3 is high, but for Costco it is partially explained by above-average quality, stable cash flows, high returns on capital, strong membership economics and defensive growth. Compared to the 52-week high of 958.34 EUR, the target is practically at the most recently achieved valuation level and is therefore historically consistent.
Fundamental: Costco structurally justifies a valuation premium compar...