Domo price target lowered to $7 from $13 at Lake Street

Lake Street analyst Eric Martinuzzi lowered the firm’s price target on Domo (DOMO) to $7 from $13 and keeps a Hold rating on the shares to reflect what the firm sees as “a fair takeout price for this growth-challenged SaaS business” after the company noted it expects revenue to be flat in FY27 with modest EPS growth. In light of Domo pursuing strategic alternatives, it has elected to not provide guidance for FY27, the analyst noted.