Domino's Pizza Stock Hits 1-Year Low After Citigroup Downgrade

Domino's Pizza (NASDAQ:DPZ) shares recently plummeted to a new 52-week low, reflecting increased market pressure. This downturn follows Citigroup's decision to lower its price target for DPZ from $460.00 to $420.00, while maintaining a neutral rating on the stock. The company has been subject to varied analyst opinions, receiving mixed reports from various firms. Despite these fluctuations, the consensus among analysts currently places Domino's Pizza with an average "Hold" rating. This latest development underscores a prevailing bearish sentiment surrounding the stock.