DOMO (DOMO) PT Lowered to $10 at DA Davidson as Billings Miss Expectations

DA Davidson analyst Lucky Schreiner lowered the price target on DOMO (NASDAQ: DOMO) to $10.00 (from $13.00) while maintaining a Neutral rating.

The analyst commented, "Domo reported 3Q26 results that were in-line on revenue but missed billings expectations as a result of longer sales cycles around partner deals. Despite the billings miss, management reiterated 4Q26 guidance for 6% billings growth given visibility from multi-year contracts. We are waiting to see more consistent execution and upside to the growth outlook before becoming more constructive. We maintain our NEUTRAL rating and lower our price target to $10."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Air T reports revenue jump but widens operating loss in Q1 fiscal 2027
• Home Depot (HD) call put ratio 1.5 calls to 1 put with a focus on September 330 puts into quarter results