JMP Securities Maintains Outperform on Domo, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Patrick Walravens maintains an 'Outperform' rating on Domo (NASDAQ:DOMO), but has lowered the price target from $30 to $23.

August 25, 2023 | 12:50 pm
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Domo's price target has been lowered from $30 to $23 by JMP Securities, although the 'Outperform' rating is maintained.
The lowering of the price target by JMP Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
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IMPORTANCE 80
RELEVANCE 100