Despite Rough Waters, Dollar Tree Holds Promise In The Long Term, Says Analyst
Portfolio Pulse from Shivani Kumaresan
Dollar Tree Inc (NASDAQ: DLTR) reported 1Q23 EPS of $1.47, missing the consensus estimate of $1.52, and guided 2Q23 EPS of $0.79-$0.89, below the consensus of $1.26. Despite the disappointing results, Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating with a price target of $165, believing the company is well-positioned for long-term market share gains.
May 25, 2023 | 6:46 pm
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Dollar Tree's 1Q23 EPS missed estimates and lowered 2Q23 guidance, but the company is still seen as well-positioned for long-term growth by Telsey Advisory Group analyst.
Dollar Tree's stock price may experience short-term pressure due to the missed earnings and lowered guidance. However, the analyst's Outperform rating and long-term growth potential could offset the negative impact, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100