TD Cowen Downgrades Domo to Market Perform, Lowers Price Target to $14
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst Derrick Wood has downgraded Domo (NASDAQ:DOMO) from Outperform to Market Perform and lowered the price target from $20 to $14.
August 25, 2023 | 10:48 am
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Domo's rating has been downgraded by TD Cowen, with a lowered price target. This could potentially impact the stock's performance.
The downgrade from Outperform to Market Perform by TD Cowen indicates a less optimistic outlook for Domo. The lowered price target from $20 to $14 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100