Dollar Tree received analyst upgrades from Raymond James and Goldman Sachs on Wednesday, citing improving consumer sentiment, tariff-related tailwinds, and a stronger earnings outlook despite ongoing traffic woes. Raymond James upgraded the discount retailer to Outperform from Market Perform with a $140 price target, arguing that fiscal 2026 guidance appears conservative and does not account for potential benefits from tariff refunds, lower fuel costs, or additional share repurchases. The firm noted Dollar Tree has already received $110 million in tariff refunds and could ultimately receive several hundred million dollars during fiscal 2026, funds that could support pricing, marketing, and store investments. Goldman Sachs upgraded Dollar Tree to Neutral from Sell and raised its price target to $125 from $105, citing improving consumer perceptions of the retailer's pricing and value proposition, though it remained cautious as traffic trends remain negative and competition from Walmart, Dollar General, and Five Below remains intense. Both firms highlighted Dollar Tree's strong cash position and recent $500 million share repurchase as additional positives.
Dollar Tree IncRaymond James and Goldman Sachs upgraded the stock, citing conservative guidance, tariff refunds, and strong cash position.
Dollar General Corporation
Walmart Inc.
Goldman Sachs Group Inc
Raymond James Financial Inc.
Five Below Inc