Domino's Pizza Stock: Headed to $450?
Shares of Domino's Pizza (NYSE: DPZ) have been on a tear recently. The stock is up about 15% since the start of the month and about 28% over the last 30 days. Despite these already-impressive returns for shareholders, one analyst thinks the stock is set to soar even higher over the next 12 months.
Following Domino's announcement earlier this week about partnering with ride-sharing company Uber Technologies (NYSE: UBER) to let customers order from Domino's on Uber-owned apps Uber Eats and Postmates, BMO Capital analyst Andrew Strelzik set an ambitious 12-month price target for the stock: $450. Is the stock really as undervalued as Strelzik thinks, even after its sharp rise over the last 30 days?
Domino's announcement on Wednesday about its partnership with Uber was met with applause. The stock jumped, and many analysts raised their price targets for the stock.
Source Fool.com
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