Dollar Tree (DLTR) Stock: $170 Price Target From Gordon Haskett

By Amit Chowdhry ● Nov 23, 2021
  • The shares of Dollar Tree, Inc. (NASDAQ: DLTR) have received a $170 price target from Gordon Haskett. These are the details.

The shares of Dollar Tree, Inc. (NASDAQ: DLTR) have received a $170 price target from Gordon Haskett. And Gordon Haskett analyst Chuck Grom upgraded Dollar Tree to a “Buy” rating from a “Hold” rating.

Grom believes that there are two idiosyncratic points that support a new position in the company shares. The addition of former Dollar General CEO Rick Dreiling to the Dollar Tree executive team or board would be a tremendous win, according to Grom.

And the company’s decision to operate at a single $1.25 price point across all stores and most products is a subtle yet critical distinction that significantly augments the odds of success next year and beyond. Plus Grom believes that the higher price point will allow for Dollar Tree to drive an improved assortment over time and battle any future cost pressures.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.