Lake Street Maintains Buy on Domo, Lowers Price Target to $15
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 $17 to $15.
March 08, 2024 | 4:13 pm
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Lake Street analyst Eric Martinuzzi maintains a Buy rating on Domo but has lowered the price target from $17 to $15.
While the maintenance of a Buy rating suggests continued confidence in Domo's fundamentals and potential for growth, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100