Domo price target lowered to $6 from $10 at DA Davidson

DA Davidson analyst Lucky Schreiner lowered the firm’s price target on Domo (DOMO) to $6 from $10 and keeps a Neutral rating on the shares. The company reported strong Q4 results that beat both revenue and billing’s expectations as healthy multi-year renewals drove improvements in key metrics, but the firm is waiting to see more upside to revenue growth outlook before becoming more constructive, the analyst tells investors in a research note.