Domino's Pizza

DPZ · NASDAQ

$316.31+$10.89 (+3.57%)TodayMarket closed ·
Prev close $305.42

DPZ analyst rating

BuyConsensus of 22 analysts over the last 12 months. 55% rate it a buy.
  • Strong buy0
  • Buy12
  • Hold9
  • Underperform1
  • Sell0

12-month price target · 30 analysts

Average $387.61 (+22.5% upside)

Low
$262.60
Now
$316.31
High
$472.50

Upgrades and downgrades

The latest rating actions, newest first

DPZ analyst upgrades, downgrades and rating actions
FirmDateActionRating
CitigroupOct 14, 2026MaintainsNeutral
MizuhoOct 14, 2026MaintainsOutperform
Wells FargoOct 14, 2026MaintainsEqual-Weight
Morgan StanleyOct 14, 2026MaintainsEqual-Weight
RBC CapitalOct 14, 2026MaintainsSector Perform
BairdOct 14, 2026MaintainsNeutral
StoneXOct 14, 2026MaintainsBuy
B of A SecuritiesOct 14, 2026MaintainsBuy
BTIGOct 14, 2026MaintainsBuy
TD CowenOct 13, 2026MaintainsHold

The case for and against

Updated Oct 14, 2026

Bull case

Domino's Pizza is attractive because its 99% franchised model, vertically integrated supply chain, and 75%+ digital mix create structurally strong unit economics and a high-return, scalable platform across 90+ markets. The company is gaining share by leaning into value promotions and operationally simple innovation while competitors struggle, and management expects a broadly consistent playbook under the new CEO to better balance U.S. traffic and ticket growth. With 2026E EBIT growth of 4.6% and EPS of $18.24, upside is supported by international tech-platform adoption, higher take-rates from franchisor offerings, and margin expansion from tighter G&A discipline.

Bear case

Domino's Pizza is likely to face limited fundamental upside because U.S. pizza delivery headwinds that began 3 years ago appear structural, with first-party delivery softness, finite benefits from third-party platforms, limited pricing power, and weaker menu innovation pressuring same-store sales near the low end of guidance. The analyst also points to slower global unit growth of +3.7% in 2028, reduced 2027E EPS to $19.90 from $20.85, and about half of the shortfall versus consensus driven by refinancing-related interest expense, which constrains earnings leverage. Despite 22,100+ stores and a 99% franchised model, near-term international weakness in Japan and France, plus reduced 2026 U.S. development guidance to 175, suggest a tougher growth backdrop and capped valuation support.

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