Morgan Stanley Maintains Equal-Weight on Domo, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Sanjit Singh has maintained an Equal-Weight rating on Domo, Inc. (NASDAQ:DOMO) and reduced the price target from $15 to $14.
December 01, 2023 | 1:56 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Domo but lowered the price target from $15 to $14, indicating a potential limited upside or cautious stance on the stock's valuation.
The adjustment in price target by a major analyst like Morgan Stanley can influence investor sentiment and stock price. However, since the rating remains unchanged and the price target reduction is modest, the short-term impact is likely to be neutral. Investors may have already priced in the analyst's expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100