Domino's Expected 4Q Revival: Morgan Stanley Highlights US Store Growth And AI Boost From Microsoft Partnership
Portfolio Pulse from Shivani Kumaresan
Morgan Stanley analyst Brian Harbour reiterated an Overweight rating on Domino's Pizza Inc (DPZ) with an unchanged price target of $435. The analyst expects a return to positive same-store sales in the U.S. in 4Q. The company's partnership with Microsoft (MSFT) is expected to bring AI solutions to customer experience and operations. Uber Eats, a service by Uber Technologies (UBER), is set to expand nationally by year end, potentially impacting 2024 materially.
October 13, 2023 | 7:11 pm
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Morgan Stanley maintains an Overweight rating on Domino's Pizza Inc (DPZ) with a price target of $435. The company is expected to see positive same-store sales in the U.S. in 4Q.
The Overweight rating and positive sales growth expectation by Morgan Stanley could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's (MSFT) partnership with Domino's Pizza is expected to bring AI solutions to customer experience and operations.
The partnership with Domino's could potentially enhance Microsoft's reputation in AI solutions, possibly driving the stock price up.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Uber Eats, a service by Uber Technologies (UBER), is set to expand nationally by year end, potentially impacting 2024 materially.
The planned national expansion of Uber Eats could potentially increase Uber's market share and revenues, possibly driving the stock price up.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50