Dollar Tree (DLTR – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Edward Kelly from Wells Fargo maintained a Buy rating on the stock and has a $105.00 price target.
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Edward Kelly has given his Buy rating due to a combination of factors that highlight Dollar Tree’s strong performance and potential for growth. The company’s first quarter appears promising, driven by accelerating market share gains and successful implementation of multi-price strategies. This positive momentum is expected to contribute significantly to Dollar Tree’s earnings power in 2026, making it a key factor for the stock’s performance.
Additionally, while tariff risks remain a concern, Dollar Tree has shown resilience with its ability to maintain a strong gross margin historically. The company’s strategic pricing and mitigation efforts are expected to sustain its margins despite the evolving tariff situation. Furthermore, the fading skepticism around management’s comp guidance and the potential for Dollar Tree to follow Dollar General’s successful playbook support the notion of continued stock appreciation. Overall, these elements contribute to Edward Kelly’s optimistic outlook and Buy rating for Dollar Tree.
According to TipRanks, Kelly is a 5-star analyst with an average return of 9.3% and a 65.48% success rate. Kelly covers the Consumer Defensive sector, focusing on stocks such as Kroger Company, Walmart, and Albertsons Companies.
In another report released on May 29, UBS also maintained a Buy rating on the stock with a $108.00 price target.