02:53 PM EST, 12/05/2024 (MT Newswires) -- Dollar Tree's ( DLTR ) Q4 guidance is achievable despite a softer start to the quarter as "there is plenty of holiday shopping left to do," UBS said in a note Thursday.

The investment firm said that despite "some concern" that the company's Q4 outlook would require an acceleration in the business, commentary following the company's Q3 earnings provided "more cause for optimism than concern."

Dollar Tree ( DLTR ) expects Q4 earnings per share of $2.10 to $2.30 versus the consensus of $2.23. UBS is expecting $2.14, down from its previous outlook of $2.25.

Looking ahead, UBS said it expects the company to book more than $6 per share in earnings next year as a $0.30 headwind in Q2 should turn into a tailwind in 2025.

The firm reiterated a buy rating on the stock with a price target of $105.

Price: 73.44, Change: -0.39, Percent Change: -0.54