
Domo (DOMO) Stock Forecast & Price Target
Domo (DOMO) Analyst Ratings
Bulls say
Domo is facing potential risks such as sub-optimal retention rates and competition from larger players in the market, but analysts see the ongoing strategic review process as a potential catalyst for the stock. With strong billings and improved profitability, as well as partnerships and a favorable setup for the upcoming quarter, analysts are optimistic about Domo's potential for long-term growth and profitability. However, the company's success in expanding within current contracts and standing out in a competitive market will be key in maintaining this positive outlook.
Bears say
Domo is facing several headwinds that could negatively impact its overall performance and financials. These include a highly leveraged balance sheet and limited top-line growth potential, as well as a lack of a clear acquisition target and continued dependency on partnerships for revenue generation. The company's recent announcement of pursuing strategic alternatives may also contribute to volatility in the stock. Additionally, there are concerns surrounding the CEO's previous personal struggles and recent resignation of the COO. These challenges, combined with the potential threat of AI disrupting the SaaS industry, lead to a negative outlook for 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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