Lake Street lowered the firm’s price target on Domo to $15 from $17 and keeps a Buy rating on the shares. The firm, while “disappointed” with the company’s FY25 outlook for both revenue and profit, is “willing to be patient in the near term,” though it adds that the company’s commitment to billings growth “may wind up at odds” with the commitment to free cash flow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DOMO:
- DOMO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Domo’s Strategic Financial Movements and Regulatory Compliance
- DA Davidson Data and AI analysts hold analyst/industry conference call
- DA Davidson technology analysts to hold an analyst/industry conference call
- DA Davidson enterprise security analysts hold analyst/industry conference call