Stock Track | Ollie's Bargain Outlet Soars 5.08% in Pre-market on Analyst Upgrades and Target Price Increases

Stock Track03-13

Ollie's Bargain Outlet Holdings, Inc. (OLLI) experienced a significant pre-market surge of 5.08% on Friday, indicating strong investor sentiment ahead of the trading day.

The sharp upward movement appears to be driven by a series of positive analyst actions. Wells Fargo upgraded the company's rating to Overweight from Equal Weight and raised its price target to $130 from $120. Additionally, RBC Capital Markets increased its price target on the stock to $155 from $147 while maintaining an Outperform rating.

According to analyst consensus data, Ollie's Bargain Outlet maintains an average rating of Buy with a mean price target of $138.93. These analyst upgrades and positive assessments have contributed to heightened investor confidence in the company's prospects during the pre-market session.

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