JPMorgan Lifts Ollie's Bargain Outlet Price Target to $73

JPMorgan Chase & Co., a well-known financial institution, has issued a positive forecast for Ollie's Bargain Outlet (NASDAQ:OLLI) stock price. In a recent research note, JPMorgan raised their price objective on OLLI from $70.00 to $73.00, indicating a potential downside of 6.10% from the company's current price.

This is not the only positive forecast for OLLI. Several other research firms have also commented on the stock, with Goldman Sachs Group decreasing their price objective from $129.00 to $112.00 but still maintaining a 'buy' rating. KeyCorp reduced their target from $140.00 to $98.00 and set an 'overweight' rating.

Despite these varied forecasts, 13 analysts have rated the stock with a 'Buy' rating, and four have assigned a 'Hold' rating. According to MarketBeat, the stock has an average rating of 'Moderate Buy' and a consensus target price of $110.20.