Morgan Stanley Maintains Equal-Weight on Domo, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Sanjit Singh maintains an Equal-Weight rating on Domo (NASDAQ:DOMO) but lowers the price target from $13 to $7.

May 24, 2024 | 12:24 pm
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Morgan Stanley has maintained its Equal-Weight rating on Domo but significantly lowered the price target from $13 to $7, indicating a more cautious outlook.
The significant reduction in the price target from $13 to $7 by a major financial institution like Morgan Stanley suggests a more cautious outlook on Domo's future performance. This is likely to negatively impact investor sentiment and could lead to a short-term decline in the stock price.
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