Dollar General (DG) Stock Forecast & Price Target

$74.93 +1.01 (+1.37%)

(As of 11/22/2024 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 23 Analyst Ratings

Sell
2

Hold
13

Buy
8

Based on 23 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 23 analysts, 2 have given a sell rating, 13 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for DG.

Consensus Price Target

$104.00
38.80% Upside

According to the 23 analysts' twelve-month price targets for Dollar General, the average price target is $104.00. 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 38.80% from the current price of $74.93.

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DG Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)
Hold	13 Hold rating(s)	13 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	$104.00	$107.84	$147.32	$143.64
Forecasted Upside	38.80% Upside	32.47% Upside	19.19% Upside	14.47% 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	2.30	2.50	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	38.80% Upside	26.03% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent DG News	Positive 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
11/18/2024	BMO Capital Markets 4 of 5 stars		Lower Target	Market Perform ➝ Market Perform	$90.00 ➝ $80.00	+3.16%
11/15/2024	Bernstein Bank 0 of 5 stars		Lower Target		$98.00 ➝ $94.00	+24.04%
11/15/2024	HSBC 2 of 5 stars		Lower Target	Hold ➝ Hold	$100.00 ➝ $88.00	+16.13%
11/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$101.00 ➝ $97.00	+28.00%
11/15/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$110.00 ➝ $90.00	+18.56%
11/8/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Grom Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
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11/5/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$97.00 ➝ $82.00	+0.95%
10/22/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Fletcher Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$98.00	+20.78%
9/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	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%
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	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	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%
10/10/2023	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 Saturday at 04:54 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 Thursday, November 21, 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.:

The company has a strong return on equity of 20.62%, indicating effective management and profitability relative to shareholder equity.
Dollar General Co. recently announced a quarterly dividend of $0.59, which translates to an annualized dividend yield of 3.11%, providing a steady income stream for investors.
Despite missing earnings expectations, the company reported a revenue increase of 4.2% year-over-year, showcasing resilience and growth potential in a competitive retail environment.
Analysts have a consensus rating of "Hold" with an average target price of $104.00, suggesting that the stock may have room for appreciation from its current price.
With a current ratio of 1.22, Dollar General Co. demonstrates a solid ability to cover its short-term liabilities, indicating financial stability.

Dollar General
Bear Case

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

The stock has received multiple downgrades from analysts, with price targets being reduced significantly, indicating a lack of confidence in short-term performance.
Dollar General Co. has a quick ratio of 0.24, which suggests potential liquidity issues, as it may struggle to meet short-term obligations without selling inventory.
Insider ownership is relatively low at 0.49%, which may indicate a lack of confidence from those closest to the company regarding its future prospects.
The company missed earnings expectations by $0.09, which could signal underlying operational challenges that may affect future profitability.
With a debt-to-equity ratio of 0.86, the company has a moderate level of debt, which could pose risks if interest rates rise or if the company faces downturns in revenue.

DG Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Dollar General is $104.00, with a high forecast of $170.00 and a low forecast of $73.00.
: 23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dollar General in the last year. There are currently 2 sell ratings, 13 hold ratings, 7 buy ratings and 1 strong buy rating 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 38.80% based on their 12-month stock forecasts.
: Over the previous 90 days, Dollar General's stock had 5 downgrades and 1 upgrade by analysts.
: Dollar General has been rated by research analysts at Bank of America, Barclays, Bernstein Bank, BMO Capital Markets, Citigroup, Daiwa America, Evercore ISI, Gordon Haskett, HSBC, Jefferies Financial Group, 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 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.

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This page (NYSE:DG) was last updated on 11/23/2024 by MarketBeat.com Staff

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Dollar General (DG) Stock Forecast & Price Target