This Analyst Is Bullish On Dollar Tree's Q1 Earnings: Expects Boost By Solid Demand, Inflation And Structural Changes
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory analyst Joseph Feldman reiterated an outperform rating on Dollar Tree Inc (NASDAQ:DLTR) with a price target of $165. The analyst expects solid demand, inflation, and structural changes to boost the company's Q1 earnings, which will be reported on May 25.
May 19, 2023 | 5:45 pm
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Telsey Advisory analyst Joseph Feldman is bullish on Dollar Tree's Q1 earnings, expecting a boost from solid demand, inflation, and structural changes. He reiterated an outperform rating with a price target of $165.
The analyst's bullish stance on Dollar Tree's Q1 earnings is based on solid demand across both core Dollar Tree and Family Dollar, healthy at-home consumption, strategic initiatives, and structural changes. These factors are expected to drive multiple years of improvement in productivity and profitability, which could positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100