After JMP Securities and Morgan Stanley gave Domo Inc (NASDAQ: DOMO) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Brad Zelnick maintained a Buy rating on Domo Inc today and set a price target of $27. The company’s shares closed yesterday at $21.72.
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 10.4% and a 70.8% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ultimate Software, Everbridge Inc, and Salesforce.com.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Domo Inc with a $27.60 average price target, representing a 27.1% upside. In a report released today, JMP Securities also maintained a Buy rating on the stock with a $35 price target.
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Based on Domo Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly GAAP net loss of $46.38 million. In comparison, last year the company had a GAAP net loss of $47.98 million.
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Domo, Inc. designs, develops, and markets executive management software solutions. It offers customized software tools for business operations, customer relationship management, human resources, and financial reporting. The company specializes in software, business intelligence, dashboard, performance dashboards, advanced data visualization and analytics.
