Domino’s Pizza price target raised to $500 from $470 at Wedbush

Wedbush raised the firm’s price target on Domino’s Pizza (DPZ) to $500 from $470 and keeps an Outperform rating on the shares ahead of quarterly results. While the firm continues to view greater marketing emphasis on food quality/value, menu innovation, continued expansion of the new loyalty program, entry into 3PD, and the relaunched digital ordering experience as drivers of near- and medium-term same-store sales growth, Wedbush also concedes that a new Pasta offering and a less aggressive value stance in the near-term has likely resulted in softer Q4 and Q1-to-date same-store sales growth. Nevertheless, it expects an acceleration in the second half of 2025 as the company launches its stuffed crust offering and enters DoorDash (DASH).