Are Wall Street Analysts Predicting Domino's Pizza Stock Will Climb or Sink?
Wall Street analysts are divided on whether Domino's Pizza stock (DPZ) will rise or fall. Over the past year, DPZ has underperformed the broader market by 24%, while the S&P 500 Index has rallied 18.7%. This year, DPZ's stock has fallen 16.1% versus the S&P 500's 12.2% gain. Analysts expect a 7.5% year-over-year EPS growth for DPZ, but the company has missed analyst estimates in three of the last four quarters.
Despite this, Oppenheimer Holdings Inc.'s Brian Bittner recently upgraded DPZ to a Buy rating with a $415 price target, implying an 18.6% potential upside from current levels. The average price target of $383.18 represents a 9.5% premium to DPZ's current price.
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