GS at it again...
When will they be right???
ASX 200 stocks poised for growth
Domino's Pizza facedchallenges in FY24. The ASX 200 stock saw a 1.9% decline in net profit and reduced its dividends by 4%.
However, CEO Don Meij is optimistic. In the report, he pointed to cost-cutting efforts and new product launches, along with plans to improve the struggling French market by partnering with Uber Eats.
Goldman Sachs is equally as optimistic about Domino's future, rating it a buy with a price target of $40 per share.
This signals a potential 33% upside at the time of writing.
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Goldman believes the worst is behind for Domino's. It says the company is expected to see improvement in FY25, thanks to store closures in Japan and France, amongst other factors.
The broker forecasts a 7% growth in pre-tax earnings in FY25, driven by a projected 34% growth in the second half of the year.
Consensus also rates the ASX 200 stock a buy, according to CommSec.
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