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Fly News Breaks for December 6, 2019
DOMO
Dec 6, 2019 | 06:49 EDT
Cowen analyst J. Derrick Wood raised his price target on Domo to $35 from $28 following solid Q3 results. The analyst noted a solid upside to estimates and guidance which was above consensus as new initiatives took hold. He said it led to stronger retention rates and heightened sales productivity despite minor shifts in the GTM strategy. Wood reiterated his Outperform rating on Domo shares.
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