Domo price target lowered to $8 from $13 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Domo (DOMO) to $8 from $13 and keeps an Overweight rating on the shares following the company’s Q4 results and guidance, citing lower overall software multiples. Domo guided to about flat topline year-over-year growth as it evaluates strategic alternatives for the business, which “may contribute to a more cautious stance” on the near-term outlook, the analyst added.