Analyst David Palmer of Evercore ISI maintained a Buy rating on Domino’s Pizza, retaining the price target of $520.00.
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David Palmer’s rating is based on several compelling factors that highlight Domino’s Pizza’s strong market position and growth potential. The company is expected to outperform its competitors, as evidenced by its significant share gains in the pizza segment. This is driven by strategic initiatives such as value promotions, innovative product offerings, and effective marketing partnerships, like the one with DoorDash, which are anticipated to boost same-store sales.
Additionally, Domino’s financial performance is robust, with estimates indicating a rise in earnings per share and operating income, surpassing consensus expectations. The company’s ability to maintain stable margins and achieve net unit growth both domestically and internationally further supports the positive outlook. With a price target set at $520, representing a 27% upside potential, Palmer’s analysis suggests that Domino’s is well-positioned for continued success in the competitive fast-food industry.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $535.00 price target.
DPZ’s price has also changed slightly for the past six months – from $436.570 to $411.430, which is a -5.76% drop .