Dollarama (DOL) Stock Forecast & Price Target

C$144.93 -3.82 (-2.57%)

(As of 12:05 PM ET)

Dollarama - 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

Moderate Buy

Based on 11 Analyst Ratings

Sell
0

Hold
4

Buy
7

Based on 11 Wall Street analysts who have issued ratings for Dollarama in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 4 have given a hold rating, and 7 have given a buy rating for DOL.

Consensus Price Target

C$139.55
-3.72% Downside

According to the 11 analysts' twelve-month price targets for Dollarama, the average price target is C$139.55. The highest price target for DOL is C$155.00, while the lowest price target for DOL is C$113.00. The average price target represents a forecasted downside of -3.72% from the current price of C$144.93.

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DOL Analyst Ratings Over Time

Type	Current Forecast 11/21/23 to 11/20/24	1 Month Ago 10/22/23 to 10/21/24	3 Months Ago 8/23/23 to 8/22/24	1 Year Ago 11/21/22 to 11/21/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)	8 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$139.55	C$139.55	C$127.20	C$97.54
Forecasted Upside	-3.72% Downside	-2.44% Downside	-5.14% Downside	-0.93% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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DOL 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.

DOL 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.

Dollarama Stock vs. The Competition

Type	Dollarama	Consumer Defensive Companies
Consensus Rating Score	2.64	2.49
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Neutral News See Recent DOL News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	Desjardins 2 of 5 stars		Boost Target	Buy	C$143.00 ➝ C$147.00	+1.24%
9/12/2024	Wells Fargo & Company 3 of 5 stars	E. Kelly Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	C$136.00 ➝ C$130.00	-4.09%
9/12/2024	TD Securities 4 of 5 stars	B. Morrison Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	C$150.00 ➝ C$154.00	+13.62%
9/12/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$125.00 ➝ C$136.00	+0.34%
9/12/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$144.00 ➝ C$147.00	+8.46%
9/12/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$138.00 ➝ C$147.00	+8.46%
Get the Latest News and Ratings for DOL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Dollarama and its competitors with MarketBeat's FREE daily newsletter.
9/12/2024	Cfra Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	C$130.00 ➝ C$155.00	+14.36%
9/12/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$128.00 ➝ C$138.00	+1.81%
9/12/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$141.00 ➝ C$143.00	+5.50%
6/10/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$112.00 ➝ C$125.00	-1.50%
4/5/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$107.00 ➝ C$113.00	-0.66%
3/13/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	V. Shreedhar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform Market Weight ➝ Outperform Market Weight
12/13/2023	Stifel Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Landry Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
12/21/2022	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Neutral	C$85.00	+7.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 12:25 PM ET.

Should I Buy Dollarama Stock? DOL 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 Friday, November 15, 2024. Please send any questions or comments about these Dollarama pros and cons to contact@marketbeat.com.

Dollarama
Bull Case

Here are some ways that investors could benefit from investing in Dollarama Inc.:

Dollarama Inc. has shown consistent revenue growth over recent quarters, indicating a strong financial performance.
The company has a low debt-to-equity ratio of 391.24, which signifies a healthy balance sheet and financial stability.
Insiders have been actively selling shares, potentially signaling confidence in the company's future performance and growth prospects.
Dollarama Inc. has a solid dividend yield of 0.26%, providing investors with a steady income stream.
The stock's 50-day moving average price is C$134.32, showing a positive trend in the stock's performance.

Dollarama
Bear Case

Investors should be bearish about investing in Dollarama Inc. for these reasons:

The company's P/E ratio of 37.62 is relatively high, indicating that the stock may be overvalued compared to its earnings.
Dollarama Inc. has a quick ratio of 0.08, which suggests potential liquidity challenges in the short term.
Analysts have mixed ratings on the stock, with some suggesting a hold position, indicating uncertainty in the company's future performance.
The stock's beta of 0.56 implies lower volatility compared to the market, which may limit potential returns for investors seeking higher risk-reward opportunities.
Despite recent positive earnings, the company's stock price has reached a 52-week high, raising concerns about potential overvaluation.

DOL Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Dollarama is C$139.55, with a high forecast of C$155.00 and a low forecast of C$113.00.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dollarama in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DOL shares.
: According to analysts, Dollarama's stock has a predicted downside of -3.72% based on their 12-month stock forecasts.
: Over the previous 90 days, Dollarama's stock had 2 upgrades and 1 downgrade by analysts.
: Dollarama has been rated by research analysts at BMO Capital Markets, Cfra, CIBC, Desjardins, National Bankshares, Royal Bank of Canada, Stifel Nicolaus, TD Securities, and Wells Fargo & Company in the past 90 days.
: Analysts like Dollarama more than other "consumer defensive" companies. The consensus rating for Dollarama is Moderate Buy while the average consensus rating for "consumer defensive" companies is Hold. Learn more on how DOL compares to other companies.

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This page (TSE:DOL) was last updated on 11/20/2024 by MarketBeat.com Staff

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Dollarama (DOL) Stock Forecast & Price Target