Domo (DOMO) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Domo in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DOMO shares.
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5 analysts have issued 12 month target prices for Domo's shares. Their DOMO share price forecasts range from $16.00 to $30.00. On average, they predict the company's share price to reach $22.40 in the next year. This suggests a possible upside of 59.5% from the stock's current price.
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Domo's stock was trading at $14.24 at the beginning of 2023. Since then, DOMO stock has decreased by 1.4% and is now trading at $14.0450.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 24th 2023.
View our DOMO earnings forecast.

Domo, Inc. (NASDAQ:DOMO) issued its quarterly earnings results on Thursday, May, 25th. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.17). The firm had revenue of $79.46 million for the quarter, compared to analysts' expectations of $78.87 million. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.99) earnings per share.

ETFs with the largest weight of Domo (NASDAQ:DOMO) stock in their portfolio include iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), SPDR S&P Software & Services ETF (XSW), ProShares Big Data Refiners ETF (DAT), iShares U.S. Small Cap Equity Factor ETF (SMLF) and Wedbush ETFMG Global Cloud Technology ETF (IVES).Pacer Data and Digital Revolution ETF (TRFK).

Domo issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 31st. The company provided earnings per share (EPS) guidance of -$0.11--$0.07 for the period, compared to the consensus estimate of -$0.10. The company issued revenue guidance of $78.50 million-$79.50 million, compared to the consensus revenue estimate of $79.73 million.

19 employees have rated Domo Chief Executive Officer John Mellor on Glassdoor.com. John Mellor has an approval rating of 91% among the company's employees. This puts John Mellor in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 91.0% of employees surveyed would recommend working at Domo to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Domo investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), Micron Technology (MU), Block (SQ), Shopify (SHOP), PayPal (PYPL), Netflix (NFLX), Roku (ROKU) and Trade Desk (TTD).

(DOMO) raised $189 million in an IPO on Friday, June 29th 2018. The company issued 9,200,000 shares at $19.00-$22.00 per share. Morgan Stanley, Allen & Company, Credit Suisse and UBS Securities served as the underwriters for the IPO and William Blair, JMP Securities and Cowen were co-managers.

Domo trades on the NASDAQ under the ticker symbol "DOMO."

Domo's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.66%), Ameriprise Financial Inc. (2.81%), State Street Corp (2.59%), Granahan Investment Management LLC (2.22%), Geode Capital Management LLC (1.72%) and Renaissance Technologies LLC (1.67%). Insiders that own company stock include Bruce C Jr Felt, Bruce C Jr Felt, Catherine Wong, Dana L Evan, Daniel David Daniel III, Daren Thayne, David R Jolley, John M Mellor, John R Pestana, Joshua G James and Joy Driscoll Durling.
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Shares of DOMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DOMO stock can currently be purchased for approximately $14.05.

Domo (NASDAQ:DOMO) has a market capitalization of $489.33 million and generates $308.64 million in revenue each year. The company earns $-105,550,000.00 in net income (profit) each year or ($2.81) on an earnings per share basis.

The company employs 917 workers across the globe.

Domo's mailing address is 772 EAST UTAH VALLEY DRIVE, AMERICAN FORK UT, 84003. The official website for the company is www.domo.com. The company can be reached via phone at (801) 899-1000, via email at ir@domo.com, or via fax at 801-805-9501.