JMP Securities analyst Patrick Walravens lowered his price target on Domo to $37 after its Q2 results and below-consensus Q3 guidance, saying the quarter disappointed with billings growth of 9% and revenue growth decelerating to 22% from 28%. The analyst notes that the company cited weakness in its enterprise and international businesses, primarily in Asia. Walravens keeps his Outperform rating on the stock however, saying that Domo offers a "beautifully designed, cloud-based, mobile-first business analytics solution" and also has a deep moat with over 500 connectors, while also controlling its expenses.