TD Cowen Issues Pessimistic Forecast for Domo (NASDAQ:DOMO) Stock Price

Domo (NASDAQ:DOMO) had its price target dropped by TD Cowen from $21.00 to $16.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price objective would indicate a potential upside of 81.00% from the stock’s current price.

DOMO has been the topic of a number of other research reports. Cantor Fitzgerald raised their target price on Domo from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Lake Street Capital reduced their price objective on shares of Domo from $16.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday. DA Davidson set a $10.00 price objective on shares of Domo in a report on Friday. JMP Securities reiterated a “market outperform” rating and issued a $20.00 target price on shares of Domo in a report on Wednesday, September 10th. Finally, Wall Street Zen cut shares of Domo from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.14.

Domo Stock Performance

DOMO opened at $8.84 on Friday. The company has a fifty day moving average price of $12.93 and a two-hundred day moving average price of $14.05. The firm has a market capitalization of $364.47 million, a PE ratio of -5.17 and a beta of 1.76. Domo has a 52 week low of $6.01 and a 52 week high of $18.49.

Domo (NASDAQ:DOMO) last posted its quarterly earnings results on Thursday, December 4th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.06. The company had revenue of $79.40 million during the quarter, compared to analyst estimates of $79.03 million. Domo’s quarterly revenue was down .5% on a year-over-year basis. Domo has set its FY 2026 guidance at -0.110–0.070 EPS and its Q4 2026 guidance at -0.050–0.010 EPS. Equities analysts forecast that Domo will post -2.1 EPS for the current year.

Insider Buying and Selling

In other Domo news, Director Daniel David Daniel III sold 273,900 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $15.26, for a total transaction of $4,179,714.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 15.24% of the company’s stock.

Institutional Investors Weigh In On Domo

A number of hedge funds and other institutional investors have recently made changes to their positions in DOMO. State of Alaska Department of Revenue bought a new stake in shares of Domo during the 3rd quarter valued at approximately $25,000. Nisa Investment Advisors LLC boosted its position in Domo by 53.7% in the second quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company’s stock valued at $26,000 after buying an additional 642 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Domo in the second quarter valued at approximately $42,000. FNY Investment Advisers LLC bought a new stake in shares of Domo during the second quarter worth $49,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Domo during the third quarter worth $70,000. 76.64% of the stock is currently owned by institutional investors and hedge funds.

Domo Company Profile

Domo, Inc, together with its subsidiaries, operates a cloud-based business intelligence platform in North America, Western Europe, Canada, Australia, and Japan. Its platform digitally connects from the chief executive officer to the frontline employee with the various people, data, and systems in an organization, as well as giving them access to real-time data and insights, and allowing them to manage business via various browsers and visualization engines accessible across laptops, TV screens, monitors, tablets, and smartphones.