Lake Street Maintains Buy on Domo, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Eric Martinuzzi has maintained a 'Buy' rating on Domo (NASDAQ:DOMO), but lowered the price target from $20 to $17.

August 25, 2023 | 3:52 pm
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NEUTRAL IMPACT
Domo's price target has been lowered from $20 to $17 by Lake Street, though the 'Buy' rating is maintained.
The lowering of the price target could potentially indicate a less optimistic outlook for the company's stock, which may impact investor sentiment. However, the maintained 'Buy' rating suggests that the analyst still sees potential upside, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100