Morgan Stanley analyst Sanjit Singh maintained a Buy rating on Domo Inc (NASDAQ: DOMO) today and set a price target of $29. The company’s shares closed yesterday at $21.72.
According to TipRanks.com, Singh is a 3-star analyst with an average return of 10.3% and a 54.8% success rate. Singh covers the Technology sector, focusing on stocks such as Cloudera Inc, Appian Corp, and Tableau.
Currently, the analyst consensus on Domo Inc is a Strong Buy with an average price target of $27.20, implying a 25.2% upside from current levels. 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.
