Truist Securities raised its price target on Dollar Tree to $138 from $136 while maintaining a Buy rating, citing sustained traffic improvements and an upgraded outlook for same-store sales.
The stock last traded at $136.75, roughly flat on the day but near its 52-week high of $142.40. Over the past year, Dollar Tree shares have gained about 22%, supported by a valuation that Truist notes trades at a PEG ratio of 0.14.
Truist increased its Q2 comparable sales estimate to 3.8% from 2.8%, based on proprietary card data, and marginally raised its earnings per share forecast. The firm expects traffic trends to remain solid into the second quarter, with an improving two-year stacked trend from the first quarter. Truist also anticipates overall traffic turning positive in the second half of the year.
Dollar Tree operates discount retail chains across the United States and Canada, with its Q2 fiscal 2026 earnings report scheduled for August 27.
Other analysts have also adjusted their targets. Guggenheim raised its price target to $145 with a Buy rating, citing Dollar Tree’s multi-price point strategy as a driver of customer traffic and sales growth by year-end. Jefferies upgraded the stock to Hold from Underperform and lifted its target to $135, pointing to improved traffic trends and a return to a simpler business model. UBS maintained a Buy rating with a $145 target, highlighting a shift from transformation to growth. Wells Fargo also forecasted a positive earnings scenario driven by same-store sales growth, though noted investor expectations remain a challenge.
InvestingPro data currently flags Dollar Tree as overvalued relative to its fair value estimate, while eight analysts have revised earnings estimates upward for the upcoming period.
