Domino's Pizza Is An Under Appreciated Revival Story - Oppenheimer Selects As Top Pick
Portfolio Pulse from Nabaparna Bhattacharya
Oppenheimer analyst Brian Bittner has reiterated an Outperform rating on Domino's Pizza Inc (NYSE:DPZ), raising the price target to $450 from $427. Bittner views DPZ as an under-appreciated revival story into 2024 and has selected it as a top pick. He expects the company to drive positive earnings revisions, validate unit growth restoration, and repair investor sentiment. Bittner anticipates a positive revision cycle to begin in 4Q23 and a healthier algorithm in '24E/25E, with unit growth accelerating to 6%+.
September 26, 2023 | 7:53 pm
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Domino's Pizza Inc's stock is expected to perform well according to Oppenheimer analyst Brian Bittner. He has reiterated an Outperform rating and raised the price target to $450 from $427. He expects positive earnings revisions and unit growth restoration.
The analyst's positive outlook on Domino's Pizza Inc, including the raised price target and the expectation of positive earnings revisions and unit growth restoration, is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100