Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Dollarama (DLMAF) and ChargePoint Holdings (CHPT).
Dollarama (DLMAF)
In a report released yesterday, Derek Dley from Canaccord Genuity maintained a Hold rating on Dollarama, with a price target of C$53.00. The company’s shares closed last Tuesday at $44.71, close to its 52-week high of $46.90.
According to TipRanks.com, Dley is a 5-star analyst with an average return of 13.8% and a 58.8% success rate. Dley covers the Consumer Goods sector, focusing on stocks such as Alimentation Couche Tard, Primo Water, and Aritzia.
Currently, the analyst consensus on Dollarama is a Moderate Buy with an average price target of $51.61, implying a 129.5% upside from current levels. In a report issued on June 3, BMO Capital also maintained a Hold rating on the stock with a C$59.00 price target.
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ChargePoint Holdings (CHPT)
Oppenheimer analyst Colin Rusch assigned a Buy rating to ChargePoint Holdings today and set a price target of $39.00. The company’s shares closed last Wednesday at $28.31.
According to TipRanks.com, Rusch is a top 25 analyst with an average return of 65.3% and a 63.6% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor, SolarEdge Technologies, and Westport Fuel Systems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ChargePoint Holdings with a $33.50 average price target.
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