Domo (NASDAQ:DOMO) had its target price hoisted by research analysts at Morgan Stanley from $28.00 to $29.00 in a research note issued to investors on Friday. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 50.57% from the company’s current price.

A number of other brokerages have also weighed in on DOMO. JMP Securities upped their target price on shares of Domo from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday. Susquehanna Bancshares assumed coverage on shares of Domo in a research note on Friday, July 13th. They issued a “positive” rating and a $24.00 target price for the company. Credit Suisse Group initiated coverage on shares of Domo in a research note on Tuesday, July 24th. They issued an “outperform” rating and a $25.00 target price for the company. Cowen initiated coverage on shares of Domo in a research note on Tuesday, July 24th. They set an “outperform” rating and a $27.00 price objective for the company. Finally, William Blair initiated coverage on shares of Domo in a research note on Tuesday, July 24th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Domo currently has an average rating of “Buy” and an average price target of $27.00.

Shares of NASDAQ DOMO opened at $19.26 on Friday. Domo has a 1-year low of $15.79 and a 1-year high of $28.86.

Domo (NASDAQ:DOMO) last announced its earnings results on Thursday, September 6th. The company reported ($3.44) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($3.93) by $0.49. The company had revenue of $34.30 million during the quarter, compared to analyst estimates of $32.02 million. The firm’s revenue was up 32.4% on a year-over-year basis. equities research analysts expect that Domo will post -9.53 EPS for the current fiscal year.

In other Domo news, CFO Bruce C. Jr. Felt acquired 3,500 shares of Domo stock in a transaction dated Tuesday, July 3rd. The stock was bought at an average cost of $21.00 per share, for a total transaction of $73,500.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Joshua G. James acquired 101,700 shares of Domo stock in a transaction dated Tuesday, July 3rd. The shares were acquired at an average price of $21.00 per share, with a total value of $2,135,700.00. The disclosure for this purchase can be found here.

Several institutional investors have recently bought and sold shares of DOMO. TD Asset Management Inc. acquired a new position in shares of Domo during the 2nd quarter worth about $2,730,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Domo during the 2nd quarter worth about $8,969,000. TCW Group Inc. acquired a new position in shares of Domo during the 2nd quarter worth about $3,914,000. Bank of New York Mellon Corp acquired a new position in shares of Domo during the 2nd quarter worth about $389,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Domo during the 2nd quarter worth about $1,029,000. Institutional investors own 53.60% of the company’s stock.

Domo Company Profile

Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.

Read More: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Analyst Recommendations for Domo (NASDAQ:DOMO)

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