Citigroup Maintains Neutral Rating for Domino's Pizza: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating on Domino's Pizza (NYSE:DPZ) but increased its price target from $396.00 to $424.00. Domino's Pizza's shares remained stable over the last 24 hours at $402.00. The new price target suggests a potential upside of 5.47%. Domino's is the largest global pizza market player with significant revenue from its international operations and supply chain facilities.
December 08, 2023 | 5:01 pm
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Citigroup maintains a Neutral rating on Domino's Pizza but raises the price target from $396 to $424, suggesting a potential 5.47% increase in stock value.
The increase in the price target by Citigroup reflects a positive outlook on Domino's Pizza's stock, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Neutral rating suggests that Citigroup believes the stock is fairly valued at its current price, but the raised target indicates an expectation of some growth. Given that this is an analyst rating adjustment with a specific price target change, it is likely to have a direct impact on investor sentiment and the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100