Domo (NASDAQ:DOMO) Given New $7.00 Price Target at Lake Street Capital

Domo (NASDAQ:DOMO) had its price target dropped by Lake Street Capital from $13.00 to $7.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Lake Street Capital’s price objective points to a potential upside of 40.99% from the company’s current price.

A number of other analysts have also issued reports on DOMO. TD Cowen dropped their price objective on shares of Domo from $16.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Cantor Fitzgerald decreased their target price on shares of Domo from $13.00 to $8.00 and set an “overweight” rating for the company in a research note on Wednesday. Wall Street Zen downgraded shares of Domo from a “buy” rating to a “hold” rating in a research note on Sunday, December 21st. Citigroup lowered shares of Domo from an “outperform” rating to an “underperform” rating in a report on Friday, February 13th. Finally, DA Davidson decreased their price objective on shares of Domo from $10.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Domo presently has a consensus rating of “Hold” and a consensus target price of $8.64.

Domo Trading Up 13.4%

NASDAQ:DOMO traded up $0.59 during mid-day trading on Wednesday, hitting $4.97. The company had a trading volume of 23,243,222 shares, compared to its average volume of 1,833,107. The business has a fifty day simple moving average of $5.60 and a 200-day simple moving average of $10.40. The firm has a market capitalization of $207.54 million, a price-to-earnings ratio of -2.91 and a beta of 1.70. Domo has a 1 year low of $3.45 and a 1 year high of $18.49.

Domo (NASDAQ:DOMO) last posted its earnings results on Tuesday, March 10th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.06. The company had revenue of $79.63 million during the quarter, compared to analyst estimates of $78.65 million. The company’s quarterly revenue was up 1% compared to the same quarter last year. As a group, research analysts anticipate that Domo will post -2.1 earnings per share for the current year.

Institutional Trading of Domo

A number of hedge funds and other institutional investors have recently made changes to their positions in DOMO. AQR Capital Management LLC raised its holdings in Domo by 17.5% in the first quarter. AQR Capital Management LLC now owns 40,231 shares of the company’s stock valued at $312,000 after acquiring an additional 5,985 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Domo in the 1st quarter worth about $237,000. Goldman Sachs Group Inc. raised its stake in shares of Domo by 22.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 172,680 shares of the company’s stock valued at $1,340,000 after purchasing an additional 31,740 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Domo during the second quarter worth about $197,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Domo by 26.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,181 shares of the company’s stock worth $142,000 after purchasing an additional 2,109 shares during the last quarter. Institutional investors own 76.64% of the company’s stock.

Domo News Roundup

Here are the key news stories impacting Domo this week:

• Positive Sentiment: Beating estimates: Domo reported adjusted EPS of $0.03 vs. a consensus loss and revenue of $79.6M, topping Street estimates — a primary catalyst for the rally. Business Wire Q4 Release
• Positive Sentiment: Strong billings and retention: Management reported record Q4 billings of $111.2M, 88% gross retention, subscription revenue growth and an 8% increase in Subscription RPO — signals of healthy customer momentum. MSN: AI strategy & billings
• Positive Sentiment: Market reaction: The beat and metrics drove a sharp after-hours/premarket pop and heavy volume as traders repositioned into the stock. Benzinga: Movers/Premarket
• Neutral Sentiment: Analyst tone mixed: Some firms kept positive ratings but trimmed price targets (e.g., Cantor Fitzgerald cut its PT while maintaining an overweight rating), reflecting cautious optimism. Benzinga: Price target update
• Neutral Sentiment: Analyst caution: Several analysts adopted a wait‑and‑watch stance despite the quarter, signaling that the beat may not yet change longer‑term conviction. Seeking Alpha: Analyst reaction
• Negative Sentiment: Light FY‑2027 revenue guide: Management issued FY‑2027 revenue guidance (~$317M) below consensus (~$353M), a clear headwind that can limit the rally unless growth outlook improves.
• Negative Sentiment: Debt and competitive risks: Commentators note substantial company debt, competitive headwinds and existing bearish analyst ratings that could cap upside. Blockonomi: Debt concerns
• Negative Sentiment: Short interest: Although reported short interest has shifted month-to-month, a meaningful percentage of the float remains shorted, which can add volatility and pressure if fundamentals disappoint.

About Domo

Domo, Inc (NASDAQ: DOMO) is a cloud-based software company that specializes in business intelligence and data analytics. The company’s flagship product, the Domo Business Cloud, provides organizations with an end-to-end platform to integrate, visualize and analyze data from a wide array of sources. By unifying disparate data feeds into interactive dashboards and custom applications, Domo enables real-time insights that inform decision-making across all levels of an enterprise.

Founded in 2010 by Josh James, Domo is headquartered in American Fork, Utah, and operates offices across North America, Europe and Asia Pacific.