DOMO (DOMO) PT Raised to $12 at Cantor Fitzgerald

Cantor Fitzgerald analyst Yi Fu Lee raised the price target on DOMO (NASDAQ: DOMO) to $12.00 (from $11.00) while maintaining a Overweight rating.

The analyst commented, “We reiterate our Overweight rating and increased our 12-mo. PT to $12.00 from $11.00 on a solid start to FY2026 displaying concrete evidence strategic partnerships are leading to deal monetization. Coming from a lively Domopalooza conference (see note here) in March, the business momentum keeps moving at a lightning speed. Last quarter, we observed that Domo is building the pipeline of partner ecosystem led deals, and this quarter we are seeing these deals crossing the finish line. Domo delivered F1Q26 on an upbeat trajectory, exceeding FactSet consensus expectations on billings, revenue, operating income/margin, and free cash flow/margin. We learned on the ground Domopalooza is a highly successful event, as the go-to-market sales team productivity is up 60% y/y on healthy Cloud Data Warehouse (CDW) partner-sourced deal activities, and Agent Catalyst has been gaining superior customer traction on live use-case deployments in a matter of hours/minutes.”

You May Also Be Interested In

• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
• UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat
• Goldman Sachs sees China retail sales growth staying weak