Will Domino's Hit $500 in 2022?

Domino's Pizza (NYSE: DPZ) has been one of the unintended beneficiaries of the coronavirus pandemic. Governments worldwide implemented various business restrictions in response to the outbreak, including asking restaurants to be closed to in-person diners. This created a surge in demand for ordering food for delivery.

Domino's has benefited as a result -- and interestingly, folks have kept ordering pizza despite a gradual economic reopening. All this good news helped Domino's stock to soar as high as $567 per share last year. And now, recent concerns about inflation and labor shortages have sent it back down to $469. Can the stock reach $500 again in 2022?

Image source: Getty Images.

Source Fool.com