Lake Street lowered the firm’s price target on Domo (DOMO) to $8.50 from $9.50 and keeps a Hold rating on the shares. The firm “bumped our numbers higher,” but feels comfortable with a Hold rating as billings remain in decline, adding that its lower target reflects contracting multiples in the space.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOMO:
- Domo’s Mixed Outlook: Hold Rating Amid Promising Partnerships and Conservative Growth Projections
- Domo’s Neutral Outlook: Balancing Improved Margins with Stagnant Revenue Growth
- Domo assumed with a Neutral at DA Davidson
- Domo Inc. Reports Strong Fiscal 2025 Performance
- Domo sees FY26 adjusted EPS (39c)-(29c), consensus (49c)