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Dollar General (DG) Stock Forecast & Price Target

Dollar General logo
$76.95 -1.12 (-1.43%)
(As of 04:10 PM ET)

Dollar General - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
2
Hold
13
Buy
6

Based on 21 Wall Street analysts who have issued ratings for Dollar General in the last 12 months, the stock has a consensus rating of "Hold." Out of the 21 analysts, 2 have given a sell rating, 13 have given a hold rating, and 6 have given a buy rating for DG.

Consensus Price Target

$107.05
39.12% Upside
According to the 21 analysts' twelve-month price targets for Dollar General, the average price target is $107.05. The highest price target for DG is $170.00, while the lowest price target for DG is $73.00. The average price target represents a forecasted upside of 39.12% from the current price of $76.95.
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DG Analyst Ratings Over Time

TypeCurrent Forecast
11/9/23 to 11/8/24
1 Month Ago
10/10/23 to 10/9/24
3 Months Ago
8/11/23 to 8/10/24
1 Year Ago
11/9/22 to 11/9/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
9 Buy rating(s)
7 Buy rating(s)
Hold
13 Hold rating(s)
15 Hold rating(s)
11 Hold rating(s)
17 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$107.05$109.48$147.86$144.04
Forecasted Upside39.12% Upside32.16% Upside26.58% Upside22.07% Upside
Consensus Rating
Hold
Hold
Hold
Hold

DG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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DG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Dollar General Stock vs. The Competition

TypeDollar GeneralRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.19
2.50
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside39.17% Upside25.31% Upside7.06% Upside
News Sentiment Rating
Neutral News

See Recent DG News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/5/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$97.00 ➝ $82.00+0.95%
10/22/2024Evercore ISI
2 of 5 stars
 Lower TargetIn-Line ➝ In-Line$115.00 ➝ $105.00+30.65%
10/22/2024Sanford C. Bernstein
3 of 5 stars
B. Fletcher
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Initiated CoverageOutperform$98.00+20.78%
9/27/2024Citigroup
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P. Lejuez
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DowngradeNeutral ➝ Sell$91.00 ➝ $73.00-16.03%
9/23/2024Melius Research
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K. Short
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Initiated CoverageHold$85.00-1.94%
9/4/2024Daiwa America
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K. Tamada
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DowngradeModerate Buy ➝ Hold
9/3/2024Barclays
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 Lower TargetOverweight ➝ Overweight$154.00 ➝ $102.00+20.95%
8/30/2024Bank of America
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 Lower TargetUnderperform ➝ Underperform$118.00 ➝ $95.00+9.98%
8/30/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$130.00 ➝ $90.00+4.57%
8/30/2024UBS Group
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 Lower TargetBuy ➝ Buy$155.00 ➝ $108.00+25.48%
8/30/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$169.00 ➝ $122.00+41.19%
8/30/2024Raymond James
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 Lower TargetOutperform ➝ Outperform$150.00 ➝ $120.00+42.52%
8/30/2024Loop Capital
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 Lower TargetHold ➝ Hold$130.00 ➝ $90.00+6.89%
8/30/2024Gordon Haskett
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C. Grom
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DowngradeBuy ➝ Hold$90.00+6.89%
8/30/2024Morgan Stanley
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 DowngradeOverweight ➝ Equal Weight$170.00 ➝ $100.00+18.76%
8/30/2024Telsey Advisory Group
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J. Feldman
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DowngradeOutperform ➝ Market Perform$168.00 ➝ $103.00+22.33%
8/27/2024Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$145.00 ➝ $130.00+4.50%
8/26/2024Truist Financial
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 Lower TargetHold ➝ Hold$135.00 ➝ $130.00+4.61%
8/26/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform
7/15/2024Argus
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 Lower TargetBuy ➝ Buy$175.00 ➝ $170.00+32.81%
5/31/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$147.00 ➝ $141.00+10.19%
10/13/2023Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$175.00 ➝ $135.00+20.30%
10/13/2023HSBC
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 UpgradeReduce ➝ Hold$102.00-7.43%
10/10/2023BNP Paribas
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 Initiated CoverageNeutral$116.00+13.73%
9/1/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$199.00 ➝ $157.00+13.36%
8/23/2023Edward Jones
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 UpgradeHold ➝ Buy
6/6/2023Daiwa Capital Markets
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 DowngradeOutperform ➝ Neutral$172.00+8.25%
6/2/2023VNET Group
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 Reiterated RatingMaintains
6/2/2023Credit Suisse Group
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 Lower Target$220.00 ➝ $170.00+5.03%
6/2/2023Atlantic Securities
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 DowngradeOverweight ➝ Neutral$170.00+5.03%
6/2/2023Piper Sandler Companies
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 DowngradeOverweight ➝ Neutral
5/26/2023OTR Global
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 UpgradePositive

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:01 PM ET.


Should I Buy Dollar General Stock? DG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 21, 2024. Please send any questions or comments about these Dollar General pros and cons to contact@marketbeat.com.

Dollar General
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Dollar General Co.:

  • Dollar General Co. stock is currently trading at a lower price, presenting a potential buying opportunity for investors looking for undervalued stocks.
  • Recent insider activity, such as Director Warren F. Bryant purchasing 1,000 shares of the company's stock, can signal confidence in the company's future performance.
  • Despite recent downgrades, Dollar General Co. still maintains a consensus target price of $113.95, indicating potential upside based on analyst expectations.
  • Institutional investors like Kiltearn Partners LLP have been increasing their stake in Dollar General Co., suggesting a positive outlook on the company's growth prospects.
  • Dollar General Co. has a relatively low P/E ratio of 12.52, which may indicate that the stock is currently undervalued compared to its earnings potential.

Dollar General
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Dollar General Co. for these reasons:

  • Multiple analyst downgrades, including a significant price target cut, may reflect concerns about Dollar General Co.'s future performance and growth prospects.
  • The company's recent earnings report showed a miss on EPS, which could indicate potential challenges in maintaining profitability and meeting market expectations.
  • Dollar General Co. has experienced a decline in stock price, trading below its 50-day and 200-day moving averages, which could signal a bearish trend in the short to medium term.
  • The company's debt-to-equity ratio of 0.86 may raise concerns about its financial leverage and ability to manage debt obligations effectively.
  • With a beta of 0.44, Dollar General Co. is less volatile compared to the market average, which may limit potential returns for investors seeking higher-risk opportunities.

DG Forecast - Frequently Asked Questions

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Dollar General is $107.05, with a high forecast of $170.00 and a low forecast of $73.00.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dollar General in the last twelve months. There are currently 2 sell ratings, 13 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DG, but not buy additional shares or sell existing shares.

According to analysts, Dollar General's stock has a predicted upside of 39.12% based on their 12-month stock forecasts.

Over the previous 90 days, Dollar General's stock had 5 downgrades by analysts.

Analysts like Dollar General less than other "retail/wholesale" companies. The consensus rating for Dollar General is Hold while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how DG compares to other companies.


This page (NYSE:DG) was last updated on 11/8/2024 by MarketBeat.com Staff
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