Dollarama Inc: (DOL:CA) (DLMA)
Analyst Update
National Bank of Canada (Analyst Rank#23) has raised its target price for Dollarama Inc. to C$156 from C$149, reflecting a positive outlook driven by sustained demand for value retailers. This price increase highlights analysts’ belief in the continued growth of the discount retailer sector, which has seen a rise in consumer preference, especially in inflationary environments where shoppers seek budget-friendly options.
Stock Forecast
The stock forecast for Dollarama Inc. from 11 analysts suggests an average target price of C$141.23 over the next 12 months. Despite the raised target price by National Bank, the broader consensus among analysts still reflects a more conservative outlook compared to National Bank’s more optimistic projection.
In terms of analyst sentiment, Dollarama Inc. holds a Buy rating, indicating that analysts generally believe the stock is a good investment opportunity. This rating reflects optimism about the company’s ability to continue performing well in the value retail space.
Fundamental Analysis
Stock Target Advisor’s analysis is notably positive, offering a Very Bullish rating for Dollarama Inc. This analysis is based on 19 positive signals and 0 negative signals, showing strong investor confidence in the company’s growth potential. This is a key indicator of the stock’s current favorable positioning in the market.
As of the last trading session, Dollarama Inc.’s stock price stood at C$151.21. Over recent periods, the stock has shown promising performance:
- Weekly change: +1.19%
- Monthly change: +5.31%
- Annual change: +43.80%
The strong annual growth suggests that Dollarama Inc. has capitalized on favorable retail conditions, benefiting from consumer behavior trends favoring discount retailers. The stock’s solid performance across various timeframes demonstrates resilience and growth, reflecting the increasing demand for cost-effective products, which has been driving Dollarama’s success.
Outlook
Dollarama Inc. has received a target price increase from National Bank of Canada, raising it to C$156 from C$149, reflecting strong demand for value retailers. The consensus analyst 12 month target price for Dollarama is C$141.23, with a Buy rating from analysts. Stock Target Advisor’s analysis is Very Bullish, based on 19 positive signals and 0 negative signals. As of the last closing, the stock price was C$151.21, showing positive performance with a +1.19% weekly, +5.31% monthly, and +43.80% annual change. The company benefits from continued consumer demand for affordable retail options.
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