Domino’s Pizza price target raised to $520 from $440 at Citi

Citi analyst Jon Tower raised the firm’s price target on Domino’s Pizza (DPZ) to $520 from $440 and keeps a Neutral rating on the shares. The shares have already moved on from what is likely a “soft” Q4 and start to Q1, the analyst tells investors in a research note. The firm believes investor focus is shifting to potentially adding DoorDash (DASH) as a partner and/or rolling out stuffed crust pizza at some point in 2025. Citi believes both of these are in Domino’s pipeline, but: is “somewhat wary” if underwriting that communication on the immediate earnings call will be enough to satisfy the long/short investment community. It also sees international unit growth challenges as a key focus for longer-term investors.