- Wedbush analyst Nick Setyan reiterated an Outperform rating on the shares of Domino's Pizza Inc DPZ with a price target of $430.00.
- The analyst believes despite near-term challenges, Domino's current valuation is an overly pessimistic assessment of its ability to return to pre-COVID growth rates by 2023.
- Setyan said the company's second-quarter earnings were not as bad as expected.
- Further price increases, stabilization in inflation trends, ongoing operational efficiencies, and some level of staffing increases are ways margins can be increased.
- Related: Domino's Pizza Q2 Bottom-Line Lags Street View As Inflation Bites
- Barclays analyst Jeffrey Bernstein maintained an Underweight rating on Domino's and raised the price target from $326 to $350 (12% downside).
- Deutsche Bank reiterated a Hold rating on the shares and raised the price target from $383 to $421 (6% upside).
- Morgan Stanley analyst John Glass maintained an Equal-Weight rating on the company and increased the price target from $414 to $426 (7% upside).
- Cowen & Co analyst Andrew Charles maintained a Market Perform rating on the shares and raised the price target from $365 to $410 (3% upside).
- B of A Securities analyst Sara Senatore maintained the Buy rating and lowered the price target from $512 to $490 (23% upside).
- Price Action: DPZ shares are trading lower by 2.07% at $397.25 on the last check Friday.
- Photo Via Company
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