Form 3 Sumo Logic, Inc. For: Sep 06 Filed by: Francis Margaret

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Go back to Form 3 Sumo Logic, Inc. For: Sep 06 Filed by: Francis Margaret

Sumo Logic Inc. (SUMO) PT Lowered to $25 at Cowen

September 10, 2021 6:44 AM EDT

Cowen analyst J. Derrick Wood lowered the price target on Sumo Logic Inc. (NASDAQ: SUMO) to $25.00 (from $27.00) while maintaining an Outperform rating.

The analyst commented, "2Q billings growth of 29% was ahead of Street at 26%, aided by upside from its large customer.... More

Piper Sandler Downgrades Sumo Logic Inc. (SUMO) to Neutral

September 10, 2021 2:08 AM EDT

Piper Sandler analyst Rob Owens downgraded Sumo Logic Inc. (NASDAQ: SUMO) from Overweight to Neutral with a price target of $20.00 (from $24.00).

The analyst comments "In an environment where software 'beats and raises' have become the norm, we are modestly lowering our forward... More