Ollie’s Bargain Outlet Gets Big Boost From Wall Street

As Ollie's Bargain Outlet (NASDAQ: OLLI) continues to show resilience throughout the COVID-19 pandemic, yet another analyst agrees the discount retailer still has tremendous upside potential. Stephens analyst Rick Nelson nearly doubled his price target for Ollie's stock, raising it to $104 per share from $54 per share, joining other Wall Street firms that see more good times ahead for the deep discounter. Back in March, Nelson lowered his price target on the stock from $75 based more on the soft Christmas season it had recently reported rather than any doomsday scenario for the retail industry.