Barclays Maintains Underweight Rating for Domino's Pizza: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Underweight rating on Domino's Pizza (NYSE:DPZ) but increased its price target from $330.00 to $340.00. Despite the price target hike, the new target still suggests a potential downside of 15.42% from the current share price of $402.00. Domino's Pizza is the largest player in the global pizza market with nearly 20,000 stores worldwide and $17.7 billion in 2022 system sales.
December 08, 2023 | 5:01 pm
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Barclays maintains an Underweight rating on Domino's Pizza with a raised price target of $340, suggesting a 15.42% downside from the current price of $402.
The maintained Underweight rating combined with a price target that is below the current trading price indicates that Barclays analysts expect Domino's Pizza's stock to underperform. This could influence investor sentiment and potentially lead to a short-term decrease in the stock price.
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IMPORTANCE 80
RELEVANCE 100