BofA analyst Sara Senatore raised the firm’s price target on Domino’s Pizza (DPZ) to $483 from $461 and keeps a Buy rating on the shares, citing rolled forward estimates after the company’s Q3 report. Domino’s comp driving initiatives are “mutually reinforcing” and the national roll out of the Uber Eats (UBER) partnership should add further momentum heading into 2024, the analyst tells investors. The firm believes Domino’s outlook for flattish traffic in Q4 “may be conservative given the layering on of comp drivers,” the analyst added.
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Read More on DPZ:
- Domino’s Pizza price target lowered to $401 from $409 at Piper Sandler
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