Domo (NASDAQ:DOMO) Given New $20.00 Price Target at Cantor Fitzgerald

Domo (NASDAQ:DOMO) had its price objective lifted by investment analysts at Cantor Fitzgerald from $17.00 to $20.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 13.83% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Domo from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Lake Street Capital restated a “hold” rating and set a $9.00 price target (up previously from $8.50) on shares of Domo in a report on Thursday, May 22nd. Stephens assumed coverage on shares of Domo in a report on Friday, July 18th. They set an “overweight” rating and a $19.00 price target for the company. DA Davidson raised their price target on shares of Domo from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 22nd. Finally, Cowen upgraded shares of Domo from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.14.

Domo Trading Up 9.1%

DOMO stock opened at $17.57 on Thursday. The company has a market cap of $707.02 million, a price-to-earnings ratio of -9.30 and a beta of 1.87. Domo has a 12 month low of $6.01 and a 12 month high of $17.88. The firm has a 50-day moving average of $14.80 and a two-hundred day moving average of $11.06.

Domo (NASDAQ:DOMO) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The business had revenue of $79.72 million during the quarter, compared to analyst estimates of $78.07 million. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) EPS. Domo has set its FY 2026 guidance at -0.190–0.110 EPS. Q3 2026 guidance at -0.070–0.030 EPS. As a group, equities analysts forecast that Domo will post -2.1 earnings per share for the current year.

Insider Buying and Selling at Domo

In related news, CEO Joshua G. James acquired 13,025 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average price of $12.74 per share, with a total value of $165,938.50. Following the transaction, the chief executive officer owned 1,079,972 shares of the company’s stock, valued at approximately $13,758,843.28. This trade represents a 1.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 15.24% of the company’s stock.

Hedge Funds Weigh In On Domo

A number of hedge funds have recently made changes to their positions in DOMO. Nisa Investment Advisors LLC boosted its position in shares of Domo by 53.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,838 shares of the company’s stock worth $26,000 after purchasing an additional 642 shares during the period. Headlands Technologies LLC purchased a new position in shares of Domo during the 2nd quarter worth approximately $42,000. FNY Investment Advisers LLC purchased a new position in shares of Domo during the 2nd quarter worth approximately $49,000. AlphaQuest LLC boosted its position in shares of Domo by 707.3% during the 2nd quarter. AlphaQuest LLC now owns 6,604 shares of the company’s stock worth $92,000 after purchasing an additional 5,786 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Domo during the 2nd quarter worth approximately $122,000. Hedge funds and other institutional investors own 76.64% of the company’s stock.

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.