FMP
Jun 10, 2024 5:08 PM - Davit Kirakosyan
Domino's Pizza (NYSE:DPZ) shares rose more than 1% intra-day today after UBS analysts raised their price target for the company to $600 from $570 while maintaining a Buy rating.
The analysts believe that Domino's shares remain appealing due to the company's continued sales momentum, strong customer traffic, and a clear path of catalysts that support sustained outperformance compared to other quick-service restaurants (QSRs). They expect Domino's to maintain multi-year sales growth in the U.S., driven by a robust value proposition, enhancements in digital and loyalty programs, improved service levels, menu innovation, effective marketing, and partnerships with third-party aggregators.
The analysts also highlighted Domino's competitive advantage in the current market environment, pointing to attractive promotional offers, below-industry pricing in recent years, and everyday value that makes it one of the most affordable options for feeding a family. Their review of recent Numerator data, along with management commentary, strengthens their confidence in strong customer demand across various income levels, including lower-income consumers.
Despite a 25% increase in shares year-to-date, the analysts see further upside potential as Domino's continues to lead in traffic and same-store sales momentum. The company is also set to accelerate unit growth and leverage a compelling catalyst path to support multi-year earnings growth.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...