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DOMO

Domo

$30.55

-0.54 (-1.74%)

08:49
03/12/19
03/12
08:49
03/12/19
08:49

Domo price target raised to $37 from $27 at Needham

Needham analyst Jack Andrews raised his price target on Domo to $37 and kept his Buy rating ahead of its Q4 results tomorrow, saying its "positive signals from its unfolding enterprise playbook" should result in a "solid quarter". The analyst is constructive on the company's "unique platform levered to the future requirements of enterprise analytics" without the high cost of implementation. Andrews adds that an independent cost-benefit study of the company's existing customers demonstrated that the adoption of Domo's platform generated a 434% return on investment.

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DOMO Domo
$30.55

-0.54 (-1.74%)

12/27/18
JMPS
12/27/18
NO CHANGE
Target $35
JMPS
Outperform
Domo sales people 'very positive' on new leadership, says JMP Securities
JMP Securities analyst Patrick Walravens noted that Domo's management recently indicated that new Chief Revenue Officer Dean Germeyer and new GM of North America Enterprise Jim Kowalski were "tipping the whole company in favor of going after that [enterprise] opportunity." His independent due diligence with a partner that works with some areas of the sales organization revealed that sales people who'd spent time with the new leadership recently were "very positive," he tells investors. Walravens, who believes Domo shares are greatly undervalued and views investor fears that it will need to raise capital at or below the current valuation as overblown, maintains an Outperform rating and $35 price target on the stock.
01/14/19
NEED
01/14/19
INITIATION
Target $27
NEED
Buy
Domo initiated with a Buy at Needham
Needham analyst Jack Andrews initiated Domo with a Buy rating and a price target of $27, saying the company delivers a "complete Business Intelligence solution" at the lowest total cost of ownership. The analyst adds that Domo offers a wide breadth of functionality in its platform, the "self-service and scalability" of which should allow to meet its users' future requirements of enterprise analytics "without the exorbitant costs of implementation." Andrews is also positive on Domo's valuation with its stock trading at enterprise value to expected 2019 revenue multiple of 2.9-times - a discount relative to the Big Data software peer group that he expects to be closed.
01/14/19
01/14/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. SMTC Corp. (SMTX) initiated with a Buy at Craig-Hallum. 2. Carvana (CVNA) initiated with an Underweight at Morgan Stanley. 3. Linde plc (LIN) initiated with an Overweight at KeyBanc. 4. Domo (DOMO) initiated with a Buy at Needham. 5. Mercantil Bank (AMTB) initiated with an Outperform at Raymond James and Keefe Bruyette, and an Equal Weight at Stephens. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/07/19
MSCO
03/07/19
NO CHANGE
Target $38
MSCO
Overweight
Domo shares still have 'room to run,' says Morgan Stanley
Morgan Stanley analyst Sanjit Singh said he thinks Domo's enterprise pivot is gathering momentum and he still sees the stock having "room to run" despite its roughly 60% advance year-to-date. Management's repeated statements, including at the Morgan Stanley TMT conference, that the company will not need to raise additional capital has helped ignite a rally and he believes the re-rating process is likely to continue, Singh tells investors. The analyst, who thinks Domo should be able to top consensus billings expectations in Q4 and sees consensus FY20 subscription revenue expectations of 25% growth as achievable, raised his price target on Domo shares to $38 from $29 ahead of the company's upcoming Q4 report. He maintains an Overweight rating on the shares.

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