Dollarama Stock Climbs as Analysts Boost Price Target to C$185
So let’s talk about something big that’s been making waves in the Canadian stock market—Dollarama. If you’ve been keeping an eye on retail stocks, you probably already know this name well. But what’s really catching attention right now is the strong bullish sentiment from top analysts, especially with Desjardins recently raising their price target on Dollarama’s stock (TSE:DOL) from C$165 to C$185. That’s a major jump and indicates growing confidence in the stock’s future performance.
Now, why does this matter? Well, this upgrade puts Dollarama’s potential upside at around 5.26% from its current trading level, which is already impressive. At the time of the report, the stock was sitting around C$175.76, trading slightly up on the day. Not only has Desjardins taken this optimistic stance, but several other major financial institutions have also chimed in with revised price targets. Canaccord Genuity lifted their target to C$178, UBS Group to C$165, and TD Securities echoed the C$185 target as well. It’s not every day you see this kind of consensus.
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And get this—National Bank Financial even upgraded Dollarama from a “hold” to a “strong-buy,” adding more fuel to the momentum behind this stock. In total, the stock currently enjoys an average analyst rating of “Moderate Buy,” with 6 buy ratings, 6 hold ratings, and 2 strong buys. That’s a pretty solid vote of confidence from the financial community.
Dollarama’s business model—offering a wide variety of consumer goods at low, fixed prices—continues to resonate, especially in uncertain economic times. The company’s performance metrics support the bullish outlook: a P/E ratio of 44.77, solid margins, and a market cap of nearly C$49 billion. Plus, its 52-week range of C$119.75 to C$179.71 shows the kind of long-term resilience that long-term investors appreciate.
Even insider activity hints at a healthy internal environment. While some senior officers have sold shares recently—most notably Geoffrey Robillard with 28,000 shares sold in April—it’s not unusual for execs to cash out after a strong run, and it doesn’t seem to signal any red flags.
So what does this mean for retail investors or those looking to diversify into consumer staples? Well, with this kind of strong institutional backing and solid fundamentals, Dollarama is positioning itself as more than just a defensive stock—it might actually be a growth story in the making. If you’re thinking of adding it to your portfolio, this could be the perfect time to watch how it performs as it moves closer to that C$185 target.
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