TD Cowen Rates DOMO hold, $3.25 Price Target
TD Cowen analyst Derrick Wood lowered his rating on Domo, Inc. to hold on June 16, 2026, setting a new price target of $3.25, a 41.30% upside from the current price.
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TD Cowen rated Domo, Inc. ($DOMO) "hold" with a $3.25 price target on June 16, 2026.
DOMO
Domo, Inc.
Key Points
- TD Cowen analyst Derrick Wood lowered his rating on Domo, Inc. (NasdaqGM: DOMO) to hold on June 16, 2026, setting a $3.25 price target.
- TD Cowen's $3.25 price target implies 41.30% upside from Domo, Inc.'s ($DOMO) current $2.30 share price.
- The software firm trades near $2.30, remaining well under its 52-week peak of $18.35 and closer to its $1.84 low.
- Other financial institutions have also adjusted their views, with Citizens, Lake Street, and Stephens & Co. publishing updates over the summer.
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TD Cowen Lowers Domo Rating
TD Cowen adjusted its stance on Domo, Inc. (NasdaqGM: DOMO) on June 16, 2026. Analyst Derrick Wood lowered the firm's rating on the software provider to hold, accompanied by a price target of $3.25. The update follows recent discussions around the business drivers and cloud platform demand shaping the company's financial results.
Domo Stock Performance and Market Position
The equity recently changed hands around $2.30 per share on Wednesday. The valuation places the business at a market capitalization of roughly $174.97 million. The shares have experienced a volatile period, trading far below their 52-week high of $18.35 while holding just above the 52-week low of $1.84.
$DOMO price target
Domo, Inc. daily closes and this analyst's $3.25 target. Not advice.
Recent Analyst Updates Across Wall Street
Other research firms have also revisited their outlooks for the software maker over recent months. On August 17, 2026, Citizens reiterated its market underperform rating and a $2.25 price target. Earlier on July 23, 2026, Lake Street upgraded the stock to a buy with a $5.00 target, while Stephens & Co. downgraded it to an equal-weight rating with a $4.00 price target.
Domo Cloud Platform and Software Business
Headquartered in American Fork, Utah, Domo operates a cloud-based platform that connects enterprise leaders with real-time data, systems, and teams. The technology supports organizations across financial services, health care, and technology sectors by turning complex data into actionable business insights. The company employs roughly 876 people under the leadership of CEO Joshua G. James.
What to Watch Next for Domo
Investors will look toward the company's next scheduled earnings report on December 3, 2026, for updated revenue and profitability figures. Market participants will monitor whether the business can improve its bottom-line performance following recent revenue growth adjustments.
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Source: TD Cowen's rating change on $DOMO (Jun 16, 2026). Written by software, not financial advice. How we make alerts