DA Davidson analyst Lucky Schreiner reiterated a Neutral rating and $3.50 price target on DOMO (NASDAQ: DOMO).

The analyst commented: "We attended the Domopalooza user conference and in Salt Lake City, UT which saw a strong turnout from customers. The event was primarily focused on helping customers build new agents and pursue more complex use cases on the DOMO platform beyond just business intelligence dashboards. Given DOMO is evaluating strategic options, there was no accompanying analyst day however, we were able to connect with management who remained optimistic about the long-term opportunity for DOMO. Customer conversations were generally positive, though we picked up concerns around consumption pricing. We maintain our NEUTRAL rating."

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Shares of DOMO closed at $3.31 yesterday.