DA Davidson lowered the firm’s price target on Domo (DOMO) to $13 from $15 and keeps a Neutral rating on the shares. The firm’s round of industry checks for Domo saw feedback that was generally positive towards near term demand trends as Business Intelligence tools see a resurgence of interest due to AI, the analyst tells investors in a research note. DA Davidson is reducing its sales multiple to 2-times however to levels more in-line with growth peers, the firm added.
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