Stock Track | Dollar Tree Soars 5.11% on Analyst Upgrades and Strong Earnings

Stock Track12-04 23:40

Dollar Tree Inc. (DLTR) saw its stock surge 5.11% during intraday trading on Thursday, driven by a wave of analyst upgrades and better-than-expected quarterly earnings.

Multiple Wall Street firms, including JP Morgan, Telsey Advisory Group, Citigroup, and UBS, raised their target prices for Dollar Tree, citing optimism about the company's growth prospects. JP Morgan increased its target to $140 from $113, while UBS lifted its target to $138 from $135.

The positive sentiment was further bolstered by Dollar Tree's strong Q3 earnings report, where the company exceeded analyst expectations and raised its annual profit forecast. This performance reflects robust demand for its discount offerings amid economic uncertainty.

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