TD Cowen analyst Derrick Wood lowered the firm’s price target on Domo (DOMO) to $9 from $16 and keeps a Buy rating on the shares after the company announced it is exploring strategic alternatives. The firm, which thinks Domo’s platform boasts strong tech value that should attract PE and strategic interest, argues for a take-out range of $7-$11 per share based on historical precedent.
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Read More on DOMO:
- Domo Launches Strategic Alternatives Review, Reaffirms 2026 Outlook
- Domo to explore strategic alternatives, including potential sale
- Domo backs FY26 adjusted EPS view (11c)-(7c), consensus (9c)
- DA Davidson technology analysts hold an analyst/industry conference call
- Domo downgraded to Underperform from Outperform at Citizens