Wells Fargo Stays Overweight on Dollar Tree, Keeps $105 Target

Wells Fargo has reaffirmed its Overweight rating on Dollar Tree (NASDAQ: DLTR), sticking with a $105 price target in early June. The stock, now at $99.05, has been volatile, with analyst targets ranging widely between $70 and $109.

The firm wasn’t surprised by the recent dip following Dollar Tree’s Q1 results. In their view, the sell-off was expected. While the company delivered a solid quarter overall, Wells Fargo flagged near-term earnings risk.

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Still, they see signs of strength. Same-store sales suggest the brand has reconnected with its core customer base. With a gross margin of 35.8% and a market cap of $18.6 billion, the company’s financial footing remains strong.

Tariff-related timing quirks could cause some noise in the short run, but Wells Fargo sees potential for a meaningful earnings lift by 2026. For now, they’re holding their ground on the stock’s long-term risk/reward profile.

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