TD Cowen analyst Andrew Charles has maintained their bullish stance on DPZ stock, giving a Buy rating today.
Andrew Charles has given his Buy rating due to a combination of factors that highlight Domino’s Pizza’s potential for growth and resilience in a challenging market environment. The company is expected to see an acceleration in quarterly sales by 2025, a trend that sets it apart from many of its peers. This anticipated growth is partly due to the increasing popularity of new product offerings like the Stuffed Crust Pizza and strategic partnerships, such as the upcoming collaboration with DoorDash.
In addition to these growth drivers, Domino’s Pizza is positioned as a defensive investment in an industry where investors are seeking stable, trade-down options. The company’s business model is seen as robust, likely to benefit from current market conditions before the expected sales surge in 2025. The management’s reiteration of a 3% increase in U.S. same-store sales for 2025, which surpasses the pre-release consensus, further supports the positive outlook for the stock.
In another report released today, BTIG also maintained a Buy rating on the stock with a $530.00 price target.