Analyst John Blackledge of TD Cowen maintained a Buy rating on Domino’s Pizza (DPZ – Research Report), with a price target of $490.00.
John Blackledge has given his Buy rating due to a combination of factors, including the strategic initiatives Domino’s Pizza is undertaking to enhance its market position. Despite a slight adjustment in the projected U.S. same-store sales growth for 2025, the company’s long-term strategy remains intact, with a focus on balancing traffic and ticket growth.
Moreover, the extension of Uber’s exclusivity and the potential integration of DoorDash into Domino’s delivery network are seen as positive developments. These steps are expected to bolster the company’s delivery capabilities and customer reach, which are crucial for sustaining growth in the competitive food delivery market. As a result, Blackledge maintains a positive outlook on Domino’s future performance, justifying the Buy rating.
In another report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $500.00 price target.