Stephens Reiterates Buy Rating on Domo, Inc.
Stephens maintains its buy rating and $8 price target for Domo, Inc.
Key Points
- On June 16, 2026, Stephens reiterated its buy rating on Domo, Inc. (DOMO) with a price target of $8.
- Domo, Inc. shares traded at $3.26, with a market cap of $92.6 million and a forward P/E of 18.98.
- Analysts have mixed views, with TD Cowen downgrading to hold and Cantor Fitzgerald maintaining a buy rating.
On June 16, 2026, Stephens reiterated its buy rating on Domo, Inc. (NASDAQ: DOMO), maintaining a price target of $8. This comes as the company's shares traded at $3.26.
Domo, Inc. Stock Snapshot
Shares of NASDAQ:DOMO traded at $3.26. Domo, Inc. has a market cap of approximately $92.6 million and a forward P/E ratio of 18.98. The stock has a 52-week low of $1.98 and a high of $18.49, with a 50-day moving average of $3.51 and a 200-day moving average of $8.01. The company shows some financial strain with a current ratio of 0.566 and a quick ratio of 0.473.
Recent Earnings
Domo, Inc. reported revenue of $318.9 million with a modest growth rate of 1.1%. However, the company is not yet profitable, with a net margin of -18.61%. The next earnings announcement is expected on August 26, 2026.
Analysts Set New Price Targets
Several analysts provided their ratings on June 16, 2026. TD Cowen downgraded the stock to a hold with a $3.25 target. DA Davidson maintained a hold rating with a target of $3.5. Cantor Fitzgerald kept its buy rating with a $5 target. Meanwhile, Citizens maintained a sell rating with a target of $2.25. Overall, the consensus remains a buy with an average target price of $6 based on six analyst opinions.
About Domo, Inc.
Domo, Inc. is a technology company based in American Fork, Utah, specializing in cloud-based AI and data products. It connects executives and frontline employees with real-time data and insights to enhance business impact. The company serves various industries, including financial services, healthcare, and technology. Domo, Inc. was founded in 2010 and is led by CEO Joshua G. James.
Bottom Line
Stephens' reiteration of its buy rating for Domo, Inc. reflects confidence in the company's potential despite current financial challenges. Investors will be watching closely as the next earnings report approaches. It's important to remember that analyst ratings and price targets can change, and they are just one factor to consider in investment decisions.
See Also
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