RBC Capital analyst Christopher Carril raised the firm’s price target on Domino’s Pizza (DPZ) to $525 from $490 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company’s strengthening and better-than-anticipated U.S. top-line growth drove shares higher, though the stock’s path to multiple expansion is driven by accelerating domestic comp growth – aided by Uber Eats (UBER) – and improving net store growth over the balance of the year, the analyst tells investors in a research note.
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Read More on DPZ:
- Domino’s Pizza Issues Financial Health Update for Investors
- DPZ Earnings: Domino’s Pizza Soars on Earnings Beat, Dividend Hike
- Domino’s Pizza increases quarterly dividend, share repurchase program
- Domino’s Pizza reports Q4 EPS $4.48, consensus $4.38
- Domino’s Pizza® Announces Fourth Quarter and Fiscal 2023 Financial Results