Domo price target raised to $9 from $8 at DA Davidson

DA Davidson raised the firm’s price target on Domo (DOMO) to $9 from $8 and keeps a Neutral rating on the shares. The company reported “solid” Q1 results that were underscored by a beat on the top-line and full-year guidance raise on the top and bottom-line, the analyst tells investors in a research note. Domo also noted that they’re seeing the benefits of their model resulting in increased operating leverage, with positive adjusted free cash flow along with positive operating margin in Q1 for the first time in company history, the firm added.