Domo price target raised to $9 from $8.50 at Lake Street

Lake Street raised the firm’s price target on Domo (DOMO) to $9 from $8.50 and keeps a Hold rating on the shares. Domo posted Q1 billings of $63.9M, down 2.4%, but better than the down 4.6% consensus view, the analyst tells investors. Following the Q1 report, the firm raised its FY26 revenue and EPS estimates, adding that it believes the second half of the year should see low single digit billings growth versus a flat first half.