Wells Fargo Stays Overweight on Dollar Tree, Keeps $105 Target
Wells Fargo has reaffirmed its Overweight rating on Dollar Tree (NASDAQ: DLTR), sticking with a $105 price target in early June. The stock, now at $99.05, has been volatile, with analyst targets ranging widely between $70 and $109.
The firm wasn't surprised by the recent dip following Dollar Tree's Q1 results. In their view, the sell-off was expected. While the company delivered a solid quarter overall, Wells Fargo flagged near-term earnings risk.
Fer Gregory/Shutterstock.com
Still, they see signs of strength. Same-store sales suggest the brand has reconnected with its core customer base. With a gross margin of 35.8% and a market cap of $18.6 billion, the company's financial footing remains strong.
Tariff-related timing quirks could cause some noise in the short run, but Wells Fargo sees potential for a meaningful earnings lift by 2026. For now, they're holding their ground on the stock's long-term risk/reward profile.
While we acknowledge the potential of DLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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