From Barchart: 2024-10-07 14:37:00

Domino’s Pizza (NYSE:DPZ) shares dropped over 3% today as Evercore ISI analysts lowered their price target to $480 from $500, maintaining an Outperform rating. Ahead of Q3 earnings, they adjusted US same-store sales estimates from +4% to +2%, below the Street’s +3.8%. Q4 US SSS growth is expected at 2%, compared to consensus of 3.5%.

The $480 price target reflects 24x estimated 2026 EPS, bringing Domino’s closer to its 10-year valuation range. Analysts anticipate growth catalysts like DoorDash integration in 2025 and a revamped digital app, projecting 8% operating income growth and double-digit EPS gains. Confidence in the company’s potential remains high.



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