Domo price target raised to $16 from $9 at Lake Street

Lake Street analyst Eric Martinuzzi raised the firm’s price target on Domo (DOMO) to $16 from $9 and keeps a Hold rating on the shares. The firm was “encouraged” to see the company not only outperform on billings in the quarter, but also bump up the midpoint of FY26 revenue guidance, the analyst tells investors. The firm adds it remains “comfortable” with its Hold rating given its view that “there is a good bit of ground to cover to achieve the targeted double-digit billings growth.”