
Domo (DOMO) Stock Forecast & Price Target
Domo (DOMO) Analyst Ratings
Bulls say
Domo is a cloud-based platform that offers real-time data and insights to its customers, generating revenue through subscriptions and professional services. Despite being down 53% year-to-date, we maintain a positive outlook on the company as its recent strategic transaction with Progress Software (PRGS) to acquire Domo’s assets provides potential for growth and long-term stability. However, there are risks to reaching our price target, including the company’s need for additional capital, changes to its sales and marketing organization, and its participation in a competitive market.
Bears say
Domo is facing mixed results with revenue below expectations, modest RPO growth, and a breach in its debt facility, which has led to a reclassification of its debt as current under GAAP. The company's dependence on consumption-based pricing and the uncertainties surrounding its strategic transaction plans also raise concerns about its future growth and profitability. Additionally, competition in the BI/visualization market and potential risks to data privacy and AI regulation could further impact the company's performance. These factors contribute to a negative outlook on Domo's stock.
This aggregate rating is based on analysts' research of Domo and is not a guaranteed prediction by Public.com or investment advice.
Domo (DOMO) Analyst Forecast & Price Prediction
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