Cantor Fitzgerald Reiterates Buy Rating on DOMO

Cantor Fitzgerald has reiterated its buy rating on DOMO, setting a price target of $5.00 as of June 16, 2026. This move reflects continued confidence in the company's potential, despite shares currently trading around $3.26.

Other Institutional Activity in DOMO

Several institutional investors have been active in DOMO recently. RPD Fund Management LLC increased its holdings by 990,326 shares, bringing its total to 4,613,726 shares valued at about $14.1 million. BlackRock, Inc. also added 338,558 shares, reaching a total of 3,512,062 shares worth approximately $10.7 million. Meanwhile, Goldman Sachs Group Inc. boosted its position significantly, adding 887,770 shares to hold 1,572,135 shares valued at $4.8 million.

DOMO Stock Snapshot

Shares of DOMO are currently trading at $3.26. The stock has seen significant institutional interest, as reflected in recent changes in holdings by large funds. However, analyst opinions vary widely, with price targets from other firms ranging from $2.25 to $8.00.

Analysts Set New Price Targets

On June 16, 2026, Cantor Fitzgerald maintained its buy rating on DOMO with a $5.00 price target. TD Cowen also upheld its buy rating earlier in the month with a $6.00 target. However, Citizens maintained a sell rating with a lower target of $2.25. This divergence in analyst opinions highlights the mixed sentiment surrounding DOMO's future prospects.

Insider Buying and Selling at DOMO

RPD Fund Management LLC was active in DOMO's market, selling shares on multiple occasions. On June 1, 2026, they sold 39,034 shares at an average price of $4.46. Previous sales include 38,583 shares on May 29 at $4.12 and 23,869 shares on May 28 at $3.84. These transactions suggest a strategic adjustment rather than a lack of confidence in DOMO's potential.

About DOMO

DOMO is a company focused on providing cloud-based software solutions that offer business intelligence and data visualization tools. It aims to help businesses make data-driven decisions by transforming data into actionable insights. DOMO's platform is designed to integrate with various data sources, offering a comprehensive view of business performance. The company is headquartered in [location not provided].

Bottom Line

Cantor Fitzgerald's reiterated buy rating and $5.00 target on DOMO suggest optimism for its future performance. However, with a wide range of analyst targets and recent insider sales, investors are keeping a close watch on the company's trajectory. As always, it's important to remember that these analyst ratings and institutional moves reflect past decisions and may not indicate future performance.