Needham analyst Jack Andrews lowered his price target on Domo to $34 after its "mixed" Q2 results with an in-line revenue and a beat on earnings offset by lowered FY20 revenue and billings guidance. The analyst notes that the company has cited its focus on larger customers expected to generate slower new lands and maintains that Domo still offers a "strong value proposition". Andrews keeps his Buy rating on the stock, adding that the "distressed" 2.6-times enterprise value to expected revenue multiple implied in its after-market move is "unwarranted".