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PriceSmart posted fiscal Q3 revenue growth of 12.5% to $1.48 billion, outpacing Costco and ******* yst estimates, while planning six new clubs by next spring, including its first Chile location.
Despite a high valuation near 36 times current-year forecasts, strong institutional ownership of about 80% and consistent cash flow accumulation suggest continued upside for PriceSmart's stock price.
A bullish flag pattern with support confirmed near $190 suggests PriceSmart shares could rise toward $220 or higher by year's end if a breakout occurs.
PriceSmart (NASDAQ: PSMT) is accelerating growth and outpacing peers in revenue growth, suggesting further upside for its stock price. The risk is its valuation, which, at approximately 36x the current year forecast, is high.
PriceSmart posted fiscal Q3 revenue growth of 12.5% to $1.48 billion, outpacing Costco and ******* yst estimates, while planning six new clubs by next spring, including its first Chile location.
Despite a high valuation near 36 times current-year forecasts, strong institutional ownership of about 80% and consistent cash flow accumulation suggest continued upside for PriceSmart's stock price.
A bullish flag pattern with support confirmed near $190 suggests PriceSmart shares could rise toward $220 or higher by year's end if a breakout occurs.
PriceSmart (NASDAQ: PSMT) is accelerating growth and outpacing peers in revenue growth, suggesting further upside for its stock price. The risk is its valuation, which, at approximately 36x the current year forecast, is high.
19 days ago
