Dollar General (DG) Stock Forecast & Price Target

$81.08

-0.05 (-0.06%)

(As of 10/22/2024 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

Hold

Based on 21 Analyst Ratings

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

$107.84
33.01% Upside

According to the 21 analysts' twelve-month price targets for Dollar General, the average price target is $107.84. 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 33.01% from the current price of $81.08.

DG Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
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)	16 Hold rating(s)	11 Hold rating(s)	17 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$107.84	$112.57	$147.86	$144.04
Forecasted Upside	33.01% Upside	30.87% Upside	24.98% Upside	23.59% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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.

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.

Dollar General Stock vs. The Competition

Type	Dollar General	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.19	2.49	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	33.01% Upside	35.52% Upside	7.92% Upside
News Sentiment Rating	Neutral News See Recent DG News	Neutral News	Positive 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
10/22/2024	Evercore ISI 2 of 5 stars		Lower Target	In-Line ➝ In-Line	$115.00 ➝ $105.00	+30.65%
10/22/2024	Sanford C. Bernstein 3 of 5 stars		Initiated Coverage	Outperform	$98.00	+20.78%
9/27/2024	Citigroup 3 of 5 stars	P. Lejuez Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$91.00 ➝ $73.00	-16.03%
9/23/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$85.00	-1.94%
9/4/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Tamada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
9/3/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$154.00 ➝ $102.00	+20.95%
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8/30/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$130.00 ➝ $97.00	+13.66%
8/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform ➝ Underperform	$118.00 ➝ $95.00	+9.98%
8/30/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$130.00 ➝ $90.00	+4.57%
8/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$155.00 ➝ $108.00	+25.48%
8/30/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$169.00 ➝ $122.00	+41.19%
8/30/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$150.00 ➝ $120.00	+42.52%
8/30/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$130.00 ➝ $90.00	+6.89%
8/30/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Grom Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$90.00	+6.89%
8/30/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$170.00 ➝ $100.00	+18.76%
8/30/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Feldman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$168.00 ➝ $103.00	+22.33%
8/27/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$145.00 ➝ $130.00	+4.50%
8/26/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$135.00 ➝ $130.00	+4.61%
8/26/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
7/15/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$175.00 ➝ $170.00	+32.81%
5/31/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$147.00 ➝ $141.00	+10.19%
10/13/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$175.00 ➝ $135.00	+20.30%
10/13/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold	$102.00	-7.43%
10/10/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$116.00	+13.73%
9/1/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$199.00 ➝ $157.00	+13.36%
8/23/2023	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
6/6/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$172.00	+8.25%
6/2/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$220.00 ➝ $170.00	+5.03%
6/2/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$170.00	+5.03%
6/2/2023	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral
5/26/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Positive

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:18 AM 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 Saturday, October 12, 2024. Please send any questions or comments about these Dollar General pros and cons to contact@marketbeat.com.

Dollar General
Bull Case

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

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 $107.84, with a high forecast of $170.00 and a low forecast of $73.00.
: 21 Wall Street equities research 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 equities research 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 33.01% based on their 12-month stock forecasts.
: Over the previous 90 days, Dollar General's stock had 5 downgrades by analysts.
: Dollar General has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Citigroup, Daiwa America, Evercore ISI, Gordon Haskett, JPMorgan Chase & Co., Loop Capital, Melius Research, Morgan Stanley, Oppenheimer, Raymond James, Sanford C. Bernstein, Telsey Advisory Group, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Dollar General less than other "retail/wholesale" companies. The consensus rating score for Dollar General is 2.19 while the average consensus rating score for "retail/wholesale" companies is 2.49. Learn more on how DG compares to other companies.

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This page (NYSE:DG) was last updated on 10/23/2024 by MarketBeat.com Staff

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Dollar General (DG) Stock Forecast & Price Target