Analyst Peter Saleh from BTIG maintained a Buy rating on Domino’s Pizza (DPZ – Research Report) and keeping the price target at $500.00.
Peter Saleh has given his Buy rating due to a combination of factors including the strategic partnership between Domino’s and DoorDash, which is set to launch in the U.S. in May and expand into Canada in 2025. This collaboration is expected to mirror the existing partnership with UberEats, where Domino’s will handle deliveries while DoorDash generates marketplace orders. This setup is anticipated to significantly contribute to Domino’s goal of achieving $1 billion in incremental revenue from third-party aggregators.
Furthermore, the partnership with DoorDash, which holds a larger share of the domestic food delivery market compared to UberEats, is seen as a substantial opportunity for growth. Despite the slower growth pace with UberEats, the potential for DoorDash to drive sales is considerable, given its market size. Saleh maintains his Buy rating and $500 price target, expecting sales to build and provide a positive comp benefit, particularly in the latter half of 2025.
In another report released yesterday, Evercore ISI also reiterated a Buy rating on the stock with a $480.00 price target.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DPZ in relation to earlier this year.