The stock is set to do well as customers increasingly prioritize products with low prices and that offer good value.
Investors hesitant to buy consumer-facing stocks after last week's slate of earnings reports should look at Ollie's Bargain Outlet , according to several analysts. In recent days, companies from McDonald's to Starbucks to 3M have warned that a long-awaited consumption slowdown due to higher prices — particularly for those on the lower end of the income spectrum — is growing more apparent. But Wall Street sees a clear opportunity stemming from Ollie's value tilt.
mountain Ollie's shares over the past 12 months. Truist's Scot Ciccarelli joined the bull camp last week. He also raised his rating to buy from hold and hiked his price target by $6 to $86, equal to Ollie's rising another 9%. In addition to liking the "increasingly powerful" focus on value, Ciccarelli said Ollie's is also in the process of "reverting back" to what has been the company's steady growth.
Firstcash Holdings Inc Ross Stores Inc TJX Companies Inc Walmart Inc Amazon.Com Inc 3M Co Mcdonald's Corp Starbucks Corp Ollie's Bargain Outlet Holdings Inc Stock Markets Investment Strategy Business News
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