Stephens Reiterates Buy Rating on DOMO
Stephens has reaffirmed its buy rating for DOMO, targeting a price of $8, a 145.40% upside from the current price.
Key Points
- Stephens reiterated its buy rating on DOMO on June 16, 2026, with a price target of $8.
- Stephens's $8 price target implies 145.40% upside from Domo, Inc.'s ($DOMO) current $3.26 share price.
- DOMO shares traded at $3.26, with recent analyst actions highlighting diverse opinions on its future.
- RPD Fund Management LLC and Goldman Sachs significantly increased their holdings in DOMO, reflecting substantial institutional interest.
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On June 16, 2026, Stephens reiterated its buy rating on DOMO, setting a price target of $8. This comes as DOMO shares traded at $3.26, reflecting the firm's continued confidence in the company's potential.
Analysts Set New Price Targets
On June 16, 2026, Stephens & Co. reiterated its buy rating for DOMO, setting a price target of $8. Cantor Fitzgerald also maintained a buy rating with a $5 target, while Citizens maintained a sell rating with a target of $2.25. Earlier in June, TD Cowen maintained a buy rating with a $6 target.
Other Institutional Activity in DOMO
RPD Fund Management LLC increased its holdings in DOMO by 990,326 shares, ending with 4,613,726 shares valued at approximately $14.1 million. BlackRock, Inc. added 338,558 shares, bringing its total to 3,512,062 shares worth around $10.7 million. Meanwhile, Vanguard Portfolio Management LLC acquired 3,222,739 shares, reaching a total value of about $9.9 million. Veradace Capital Management LLC grew its position by 420,601 shares, totaling 1,979,666 shares valued at $6.1 million. Goldman Sachs Group Inc significantly boosted its stake by 887,770 shares, now holding 1,572,135 shares worth $4.8 million.
Insider Buying and Selling at Domo, Inc.
RPD Fund Management LLC was active in selling DOMO shares between May 22 and June 1, 2026. The firm sold 39,034 shares at an average price of $4.46 on June 1, and 38,583 shares at $4.12 on May 29. Prior to that, it sold 23,869 shares at $3.84 on May 28, 27,439 shares at $3.71 on May 27, 15,828 shares at $3.68 on May 26, and 11,837 shares at $3.65 on May 22.
Bottom Line
Stephens' reaffirmation of its buy rating on DOMO with an $8 price target suggests confidence in the company's growth prospects. While DOMO's current trading price sits at $3.26, institutional investors have shown significant interest, as evidenced by recent activity from major funds. As always, these analyst ratings and institutional moves provide insights into market sentiment, but investors should consider them as part of a broader investment strategy.
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