Analysts at Oppenheimer increased Domino’s Pizza (NYSE:DPZ) price target to $450 from $427 and maintained their Outperform rating.
The analysts see Domino’s as a comeback story for 2024, with potential for better-than-expected same-store sales and positive earnings revisions, unit growth, and investor confidence.
They had previously been less bullish but now believe the downward trend has bottomed out, although they don’t anticipate a Q3/23 upside surprise.