Ollie’s Bargain Outlet stock rating upgraded by Wells Fargo on momentum

NodeGuardian

2026-03-13 21:40:38

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Wells Fargo has upgraded Ollie’s Bargain Outlet (NASDAQ:OLLI) to Overweight from Equal Weight, raising its price target to $130 from $120 due to strong business momentum and an attractive setup for 2026. The firm highlighted tailwinds from the BBB category, merchandising, and trade-down opportunities, along with a recent stock sell-off, creating an appealing entry point near its 52-week low. Ollie’s also announced accelerated share repurchases, no debt, and a new long-term EPS growth target of 15%.

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