RBC Capital raised the firm’s price target on Domino’s Pizza (DPZ) to $550 from $500 and keeps an Outperform rating on the shares. The company’s Q1 report was mixed – positively, international comps beat expectations and the company continues to gain share in the U.S. amidst a challenged consumer backdrop, but less positively, consumer weakness, particularly low-income, is impacting the overall pizza category, the analyst tells investors in a research note. While the FY25 comp guidance was reiterated, adding Doordash could be driving nearly 1/3 of the U.S. SSS growth this year, RBC adds.
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Read More on DPZ:
- Domino’s Pizza price target raised to $535 from $520 at Benchmark
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- Cautiously Optimistic Buy Rating for Domino’s Pizza Amidst Mixed Performance Indicators and Strategic Confidence
- Domino’s Pizza price target raised to $465 from $445 at Wells Fargo
- Domino’s Pizza price target raised to $500 from $480 at Citi
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