Cantor Fitzgerald has reiterated its overweight rating on shares of Domo, Inc. (NASDAQ: DOMO), setting a price target of $22.00 per share. This announcement was made in a report released on Wednesday, confirming the firm’s positive outlook for the cloud-based software company, which specializes in business intelligence and data analytics.
The analysis of Domo’s stock has attracted attention from various research firms. Notably, on December 5, TD Cowen reduced its target price from $21.00 to $16.00 while maintaining a “buy” rating. DA Davidson also set a target price of $10.00 for the shares on the same day. In contrast, Weiss Ratings reiterated a “sell (D-)” rating on October 8, indicating a more cautious stance on the company’s prospects.
Other analysts have offered mixed perspectives as well. JMP Securities maintained a “market outperform” rating with a target price of $20.00 in its report on September 10. Lake Street Capital lowered its target price from $16.00 to $13.00, labeling the stock with a “hold” rating on December 5. Currently, one analyst has rated Domo with a Strong Buy, five with a Buy, three with a Hold, and one with a Sell, leading to a consensus rating of “Moderate Buy” and a target price of $15.43.
Domo’s recent financial performance showcases some resilience. The company reported earnings results on December 4, recording $0.01 earnings per share (EPS) for the quarter, surpassing the consensus estimate of ($0.05) by $0.06. The revenue for the quarter reached $79.4 million, slightly above the forecast of $79.03 million, although this figure represents a 0.5% decline compared to the previous year. Domo has also provided guidance for fiscal year 2026, forecasting an EPS range of -0.110 to 0.070 and a Q4 2026 EPS range of -0.050 to 0.010. Analysts predict an average EPS of -2.1 for the current fiscal year.
In terms of insider transactions, Director Daniel David Daniel III sold 273,900 shares on October 6, with the transaction valued at approximately $4.18 million at an average price of $15.26. This sale has been disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).
Institutional investors have also been active in the market. The State of Alaska Department of Revenue acquired a new stake in Domo valued at around $25,000 during the third quarter. Nisa Investment Advisors LLC increased its stake by 53.7% in the second quarter, now holding 1,838 shares worth approximately $26,000. Other notable purchases include a new stake from Headlands Technologies LLC valued at $42,000 and from FNY Investment Advisers LLC at $49,000. As a result, institutional investors currently own 76.64% of Domo’s stock.
Founded in 2010 and headquartered in American Fork, Utah, Domo, Inc. provides an integrated platform for data visualization and analytics through its flagship product, the Domo Business Cloud. This platform allows organizations to unify their data sources into interactive dashboards, enabling real-time insights for better decision-making across various levels.
As analysts continue to assess Domo’s market position and financial outlook, the company’s ability to adapt to changing market conditions and its performance in future quarters will be closely monitored by investors and analysts alike.
