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Fly News Breaks for July 17, 2019
DOMO
Jul 17, 2019 | 07:44 EDT
Cowen analyst J. Derrick Wood met with Domo management and came away encouraged on the pipeline and early traction with the go-to market changes and the new pricing model, which he believes sets the company up for incremental strength in the second half of the year. The analyst sees significant valuation upside if the company can continue to execute well and as a result he sees a compelling risk/reward profile. Wood reiterated his Outperform rating and $52 price target on Domo shares.
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