Loop Capital has maintained a Buy rating for Domino's Pizza (DPZ), affirming a price target of $555. Recently, the firm observed that Domino's same-store sales growth surpassed expectations, which has generated a positive outlook among franchisees.
The enthusiasm is largely driven by the anticipation of Domino's integration with DoorDash (DASH, Financial). This move, scheduled to begin in early May, is expected to significantly enhance the brand's reach and sales performance. Franchisee contacts suggest that this partnership could provide a substantial boost to the company's growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 39 analysts, the average target price for DoorDash Inc (DASH, Financial) is $217.98 with a high estimate of $246.00 and a low estimate of $138.27. The average target implies an upside of 22.10% from the current price of $178.52. More detailed estimate data can be found on the DoorDash Inc (DASH) Forecast page.
Based on the consensus recommendation from 45 brokerage firms, DoorDash Inc's (DASH, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for DoorDash Inc (DASH, Financial) in one year is $132.46, suggesting a downside of 25.8% from the current price of $178.52. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the DoorDash Inc (DASH) Summary page.
