Dollarama Inc: Fundamental Analysis is Very Bullish as Desjardins Raises Valuation
Dollarama Inc: (DOL:CA)
Analyst Coverage Update
Desjardins Securities (Rank#76) has upgraded its 12 month target price forecast for Dollarama Inc. to CAD 147, up from CAD 143, reflecting a growing confidence in the company’s potential for future growth.
Analyst Consensus
Based on forecasts from 13 analysts, the average target price for Dollarama Inc. is set at CAD 132.15 over the next 12 months. This indicates that while there is optimism surrounding the company, there is also a recognition of market volatility, and that the average consensus target could mean the stock’s valuation is stretched. The consensus analyst rating for Dollarama Inc. is set at a “Buy”.
Stock Target Advisor Analysis
Stock Target Advisor’s analysis of Dollarama Inc. is “Very Bullish,” supported by 17 positive signals and no negative signals. This strong rating emphasizes the stock’s favorable performance metrics and overall market sentiment.
Recent Stock Performance
- Current Price: As of the latest closing, Dollarama Inc.’s stock price was CAD 144.03, which is above the average analyst target, indicating a positive market reception.
- Weekly Change: The stock has seen a notable increase of +4.62% over the past week, reflecting rising investor confidence and market interest.
- Monthly Change: Over the past month, Dollarama’s stock has risen by +7.90%, further indicating a robust recovery and favorable trading conditions.
Outlook
Dollarama Inc. is currently navigating a complex market landscape, with analysts divided on its long-term outlook. The recent target price increase by Desjardins Securities and the “Very Bullish” rating from Stock Target Advisor highlights a strong recovery potential. Investors should consider these dynamics carefully, balancing short-term gains with an understanding of the broader market context and the company’s historical performance.
