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UPDATE: Goldman Sachs Upgrades Domino's Pizza to Buy on Fundamentals and Inflation Exposure

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Goldman Sachs raised its rating on Domino's Pizza (NYSE: DPZ) from Neutral to Buy and increased its price target from $34 to $40.

Goldman Sachs said, "We upgrade shares of DPZ to Buy from Neutral and add them to the Conviction List with 21% upside to our $40, 12-month price target. We believe DPZ is in the “Fountain of Youth” stage of its life cycle with emerging market expansion driving a renewed leg of growth. Between accelerating overseas unit expansion, stable SSS, and structural margin improvement, we see the potential for DPZ to compound earnings at a midteens rate going forward. In addition, given DPZ's 95% franchised model, it is mostly insulated from any potential reacceleration of food inflation and should see minimal fixed cost de-leverage in the event of a macro slowdown."

Domino's Pizza closed at $32.96 on Tuesday.

Latest Ratings for DPZ

DateFirmActionFromTo
Mar 2022Loop CapitalDowngradesBuyHold
Mar 2022GuggenheimMaintainsNeutral
Mar 2022CitigroupMaintainsNeutral

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View the Latest Analyst Ratings

 

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Posted-In: Conviction Buy List Goldman SachsAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

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