Dollar General (DG) Stock Forecast & Price Target

$87.32

+0.38 (+0.44%)

(As of 09/27/2024 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
15

Buy
6

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, 15 have given a hold rating, and 6 have given a buy rating for DG.

Consensus Price Target

$109.48
25.37% Upside

According to the 23 analysts' twelve-month price targets for Dollar General, the average price target is $109.48. 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 25.37% from the current price of $87.32.

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DG Analyst Ratings Over Time

Type	Current Forecast 9/30/23 to 9/29/24	1 Month Ago 8/31/23 to 8/30/24	3 Months Ago 7/2/23 to 7/1/24	1 Year Ago 9/30/22 to 9/30/23
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)	5 Buy rating(s)
Hold	15 Hold rating(s)	14 Hold rating(s)	11 Hold rating(s)	15 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$109.48	$118.48	$148.23	$156.22
Forecasted Upside	25.37% Upside	42.79% Upside	13.51% Upside	47.65% 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	2.17	2.49	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	25.37% Upside	36.15% Upside	6.15% Upside
News Sentiment Rating	Neutral 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
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 0 of 5 stars	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold	$85.00	-1.94%
9/4/2024	Daiwa America 0 of 5 stars	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	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%
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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	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$139.00 ➝ $100.00	+18.76%
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 Sunday at 05:28 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 Tuesday, September 24, 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 price is currently at an attractive level, providing a potential buying opportunity for investors looking for value.
The company has a strong market presence and a wide network of stores, which can contribute to stable revenue streams.
Dollar General Co. has a relatively low debt-to-equity ratio of 0.86, indicating a healthy financial position and lower risk.
The company's current ratio of 1.22 and quick ratio of 0.24 suggest good liquidity and ability to meet short-term obligations.
With a PE ratio of 12.52, Dollar General Co. may be considered undervalued compared to industry peers, presenting a potential growth opportunity.

Dollar General
Bear Case

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

Recent target price reductions by analysts may indicate concerns about the company's future performance, leading to potential downside risk.
The downgrade in rating from "outperform" to "market perform" by Telsey Advisory Group could signal a shift in market sentiment towards Dollar General Co.
The company's stock performance has shown volatility, with fluctuations in trading volume and price movements, which may pose challenges for investors seeking stability.
Insider selling activity, such as EVP Roderick J. West selling shares, could be perceived as a lack of confidence in the company's growth prospects.
The PEG ratio of 2.36 suggests that Dollar General Co. may be overvalued relative to its earnings growth potential, potentially limiting upside for investors.

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 $109.48, with a high forecast of $170.00 and a low forecast of $73.00.
: 23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dollar General in the last year. There are currently 2 sell ratings, 15 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 25.37% 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 Argus, 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, 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 2.17 while the average consensus rating score for "retail/wholesale" companies is 2.49. Learn more on how DG compares to other companies.