Bernstein Sticks to Their Buy Rating for Dollarama (DLMAF)
In a report released today, Zhihan Ma from Bernstein maintained a Buy rating on Dollarama, with a price target of C$223.00. The company’s shares closed today at $128.54.
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According to TipRanks, Ma is a 3-star analyst with an average return of 4.2% and a 57.41% success rate. Ma covers the Consumer Defensive sector, focusing on stocks such as Dollar Tree, Dollar General, and Target.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dollarama with a $145.89 average price target, a 13.50% upside from current levels. In a report released on October 30, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$198.00 price target.
Based on Dollarama’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $1.72 billion and a net profit of $321.5 million. In comparison, last year the company earned a revenue of $1.56 billion and had a net profit of $285.94 million
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DLMAF in relation to earlier this year.
