TD Cowen analyst Derrick Wood lowered the firm’s price target on Domo (DOMO) to $9 from $10 and keeps a Hold rating on the shares. The firm said they reported a solid 4Q with billings growth and operating margin well above Street and revenue guide was in-line with the Street.
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Read More on DOMO:
- Domo price target lowered to $8.50 from $9.50 at Lake Street
- Domo’s Mixed Outlook: Hold Rating Amid Promising Partnerships and Conservative Growth Projections
- Domo’s Neutral Outlook: Balancing Improved Margins with Stagnant Revenue Growth
- Domo assumed with a Neutral at DA Davidson
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