Cantor Fitzgerald Reiterates Buy Rating for Domo, Inc.
Cantor Fitzgerald maintains its buy rating on Domo, Inc. with a $5 price target.
Key Points
- Cantor Fitzgerald reiterated its buy rating on Domo, Inc. (NASDAQ:DOMO) with a $5 price target on June 16, 2026.
- Domo's shares are trading near $3.26, with a market cap of $92.6 million and a forward P/E ratio of 18.98.
- Analyst ratings vary, with TD Cowen downgrading to hold and Stephens & Co. reiterating a buy with an $8 target.
On June 16, 2026, Cantor Fitzgerald reiterated its buy rating on Domo, Inc. (NASDAQ:DOMO), setting a price target of $5. This reflects confidence in the company's prospects despite its current trading price of around $3.26.
Domo, Inc. Stock Snapshot
Shares of Domo, Inc. are trading near $3.26 on the NasdaqGM. The company has a market cap of approximately $92.6 million. Its forward P/E ratio stands at 18.98, and it has a beta of 1.77, indicating some market volatility. The stock's 52-week range is between $1.98 and $18.49. The 50-day moving average is $3.51, while the 200-day moving average is $8.01. Domo's current ratio is 0.566, and its quick ratio is 0.473, highlighting liquidity challenges.
Recent Earnings
Domo, Inc. reported revenue of about $318.9 million, with a modest growth rate of 1.1%. However, the company is not yet profitable, with a net margin of -18.6%. Domo's next earnings report is expected on August 26, 2026.
Analysts Set New Price Targets
On June 16, 2026, TD Cowen downgraded Domo to a hold, setting a target of $3.25. DA Davidson maintained a hold rating with a $3.5 target, while Stephens & Co. reiterated a buy with a higher target of $8. Cantor Fitzgerald also maintained its buy rating with a $5 target, while Citizens kept a sell rating with a $2.25 target. Overall, the consensus recommendation is a buy, with a mean target price of $6 from six analysts.
Insider Buying and Selling at Domo, Inc.
RPD Fund Management LLC has been actively selling Domo shares, with several transactions in late May and early June 2026. These sales ranged from 11,837 to 39,034 shares, at prices between $3.65 and $4.46.
Other Institutional Activity in Domo, Inc.
RPD Fund Management LLC increased its holdings by 990,326 shares, ending with 4,613,726 shares valued at approximately $14.1 million. BlackRock, Inc. added 338,558 shares, totaling 3,512,062 shares worth about $10.7 million. Vanguard Portfolio Management LLC acquired 3,222,739 shares, now holding the same amount valued at $9.86 million. Veradace Capital Management LLC grew its stake by 420,601 shares to 1,979,666 shares, valued at $6.06 million. Goldman Sachs Group Inc. significantly increased its position by 887,770 shares, reaching 1,572,135 shares worth $4.81 million.
About Domo, Inc.
Domo, Inc. is a technology company based in American Fork, Utah, that operates a cloud-based platform designed to connect data, systems, and people within an organization. The platform provides real-time data insights, helping businesses make smarter decisions. Founded in 2010 and led by CEO Joshua G. James, Domo serves various industries, including financial services, healthcare, and technology, across regions like North America, Western Europe, and Asia.
Bottom Line
Cantor Fitzgerald's reiterated buy rating for Domo, Inc. suggests continued faith in its potential, despite recent challenges. Investors should note that analyst ratings are mixed, with some firms recommending hold or sell. As always, it's important to consider that 13F filings and analyst ratings reflect past positions and opinions that may change over time.
See Also
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