Domo initiated with an Overweight at Stephens

Stephens initiated coverage of Domo (DOMO) with an Overweight rating and $19 price target Domo is “the most buyable asset of covered data infrastructure group” because it is independent of hyperscalers and other DI players need BI functionality to compete with hyperscalers, the analyst tells investors in a note starting coverage of the data infrastructure software group. Visibility into future revenue growth is “increasing dramatically” as RPO growth has risen to 4.6% in fiscal Q1 of FY26, the analyst added.