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MarketBeat
MarketBeat
Thomas Hughes

PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth

PriceSmart Chile MarketBeat PSMT

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.

The caveat for bears is that this valuation aligns with peers, pricing in quality and growth, and likely underestimates PriceSmart’s strength. The company is well-positioned as the leading (in some cases) membership club retailer in Latin America. Its warehouse empire spans 12 countries and one U.S. territory, with new markets opening regularly.

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