Citizens JMP Reiterates Market Outperform Rating on DOMO (DOMO)

Citizens JMP analyst Patrick Walravens reiterated a Market Outperform rating and $20.00 price target on DOMO (NASDAQ: DOMO).

The analyst commented, "We maintain our Market Outperform rating and $20 price target on Domo after hosting CFO Tod Crane and VP of Investor Relations Peter Lowry for a set of investor meetings in Los Angeles last week, where Mr. Crane commented that “business is good … one of the big things I was excited to see in Q2 was leads coming in strong, the pipeline growing, and AI giving us a good tailwind,” and after the stock has increased 119% year to date versus 11% for the Russell 3000."

For an analyst ratings summary and ratings history on DOMO click here. For more ratings news on DOMO click here.

Shares of DOMO closed at $15.50 yesterday.

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