Lake Street Downgrades Domo to Hold, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Eric Martinuzzi has downgraded Domo (NASDAQ:DOMO) from Buy to Hold and lowered the price target from $15 to $8.
May 24, 2024 | 12:04 pm
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Lake Street analyst Eric Martinuzzi downgraded Domo from Buy to Hold and reduced the price target from $15 to $8.
The downgrade from Buy to Hold and the significant reduction in the price target from $15 to $8 by Lake Street is likely to negatively impact Domo's stock price in the short term. This indicates a less optimistic outlook on the company's performance.
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IMPORTANCE 80
RELEVANCE 100