Dollar Tree’s steady growth could underpin a breakout for the stock, according to JPMorgan. The firm upgraded stock in the discount retailer to overweight from neutral on Thursday and raised its price target to $111 per share from $72. JPMorgan’s new forecast implies about 25% upside from Wednesday’s close. DLTR YTD mountain Dollar Tree stock in 2025. Analyst Matthew Boss pointed to the company’s strong-first quarter results as emblematic of future strength, highlighting its same-store sales and traffic increases. “Multi-year, we see DLTR returning to a double-digit EPS ‘compounder’ with top- and bottom-line drivers in place at the core DT banner … and idiosyncratic bottom-line drivers through tariff mitigation strategies, [multi-price program] expansion, 1x cost recapture, and corporate expense leverage following the sale of the FDO business (with capital allocation representing an incremental catalyst),” Boss said. Dollar Tree reported Wednesday earnings and revenue for the first quarter that beat analyst expectations. Same-store sales, a key metric for the the company, rose 5.4% — while analysts polled by FactSet expected a 4% increase. To be sure, the stock dropped 8% due to lackluster second-quarter guidance. Still, Boss noted that Dollar Tree did raise its full-year earnings outlook. Most analysts are on the sidelines when it comes to Dollar Tree. LSEG data shows that 16 of 27 who cover the stock rate it a hold, with one rating it as underperform. Another 10 have buy or strong buy ratings. Shares rose more than 1% following the upgrade. Year to date, the stock is up 18%.
