TD Cowen Downgrades Domo, Inc. to Hold, Sets $3.25 Target
TD Cowen has downgraded Domo, Inc. to a hold rating with a $3.25 price target, a 41.30% upside from the current price.
Key Points
- TD Cowen downgraded Domo, Inc. to a hold rating with a $3.25 price target on June 16, 2026.
- TD Cowen's $3.25 price target implies 41.30% upside from Domo, Inc.'s ($DOMO) current $2.30 share price.
- Domo's stock is trading at $3.26 with a market cap of $92.6 million, and it has a forward P/E of 19.
- Institutional investors like RPD Fund Management and Goldman Sachs have adjusted their positions in Domo recently.
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TD Cowen has downgraded Domo, Inc. (NasdaqGM: DOMO) to a hold rating and set a price target of $3.25. This change came on June 16, 2026, as the firm's analyst Derrick Wood adjusted his outlook on the company's stock.
Analysts Set New Price Targets
On June 16, 2026, TD Cowen's Derrick Wood downgraded Domo to a hold rating with a $3.25 price target. This adjustment reflects a more cautious stance as Domo's stock was trading near $3.26. Other analysts have also shared their views on Domo recently. DA Davidson maintained a hold rating with a $3.5 target, while Stephens & Co. reiterated a buy rating with an $8.0 target. Cantor Fitzgerald maintained its buy rating with a $5.0 target, and Citizens kept a sell rating with a $2.25 target.
Other Institutional Activity in Domo
Several institutional investors have made moves regarding their holdings in Domo. RPD Fund Management LLC increased its holdings by 990,326 shares, resulting in a total of 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 about $10.7 million. Vanguard Portfolio Management LLC now holds 3,222,739 shares valued at around $9.9 million. Veradace Capital Management LLC expanded its stake by 420,601 shares, totaling 1,979,666 shares valued at $6.1 million. Meanwhile, Goldman Sachs Group Inc. significantly boosted its position by 887,770 shares, ending with 1,572,135 shares worth $4.8 million.
Domo, Inc. Stock Down 40.4%
Shares of Domo, Inc. are trading at $3.26 on the NasdaqGM. The company has a market capitalization of $92.6 million and a forward P/E ratio of 19. Its beta is 1.77, indicating higher volatility compared to the market. The stock has experienced a 52-week low of $1.98 and a high of $18.49. Domo's 50-day moving average is $3.51, while its 200-day moving average is $8.01. The company faces liquidity challenges with a current ratio of 0.57 and a quick ratio of 0.47.
$DOMO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Domo reported revenue of approximately $318.9 million, reflecting a modest growth rate of 1.1%. However, the company has a negative net margin of 18.6%, indicating it is not currently profitable. The next earnings report is scheduled for August 26, 2026.
Insider Buying and Selling at Domo, Inc.
RPD Fund Management LLC has been active in selling shares of Domo. On June 1, 2026, they sold 39,034 shares at an average price of $4.46. Prior to that, they sold 38,583 shares on May 29, 2026, at $4.12 each, and 23,869 shares on May 28, 2026, at $3.84. Additional sales included 27,439 shares on May 27, 2026, at $3.71, 15,828 shares on May 26, 2026, at $3.68, and 11,837 shares on May 22, 2026, at $3.65.
About Domo, Inc.
Domo, Inc. is a technology company that operates a cloud-based platform for AI and data products. Headquartered in American Fork, Utah, the company connects executives and frontline employees with real-time data and insights. Domo serves various industries including financial services, healthcare, pharmaceuticals, energy, and technology. Founded in 2010 and led by CEO Joshua G. James, Domo employs 876 people and partners with firms like Altis Consulting to deliver data solutions.
Bottom Line
TD Cowen's downgrade of Domo, Inc. to a hold rating highlights the cautious outlook some analysts hold for the company's stock. With the stock trading near its price target and institutional investors adjusting their positions, Domo remains a company to watch. Investors should note that analyst ratings are based on past data and may not reflect current conditions.
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