
Domo (DOMO) Stock Forecast & Price Target
Domo (DOMO) Analyst Ratings
Bulls say
Domo is facing a challenging time with their recent covenant breach and reclassification of their debt as a current liability, which has put them at risk of defaulting on their loan. Additionally, the company's inability to meet its minimum ARR amount and the looming deadline for a potential sale add to the financial uncertainty. However, with a strong offering in the cloud-based platform market and $39M in cash, Domo has the potential to turn things around and find a viable solution to their debt situation.
Bears say
Domo is facing several challenges, with declining total revenue and subscription revenue, as well as missing earnings and billings expectations. The company is currently undergoing a strategic alternatives review process, which may result in a sale or merger. There are concerns around the company's compliance with a minimum annualized recurring revenue (ARR) covenant and the potential implications for future financials. The company's retention rates have improved, but its growth has decelerated, leading to a re-evaluation of its financials and significantly lowering its price target.
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
Start investing in Domo (DOMO)
Order type
Buy in
Order amount
Est. shares
0 shares