Domo Analysts Slash Their Forecasts After Q1 Results
Portfolio Pulse from Avi Kapoor
Domo, Inc. (NASDAQ:DOMO) reported mixed Q1 results with a wider-than-expected loss and issued Q2 guidance below estimates. Analysts from Lake Street and Morgan Stanley have slashed their price targets and downgraded the stock.
May 24, 2024 | 12:34 pm
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Domo, Inc. reported a wider-than-expected Q1 loss and issued Q2 guidance below market estimates. Analysts from Lake Street and Morgan Stanley have significantly cut their price targets and downgraded the stock.
Domo's Q1 results showed a wider loss than expected, and its Q2 guidance is below market estimates. This has led to significant downgrades and price target cuts from analysts, which is likely to negatively impact the stock price in the short term.
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IMPORTANCE 90
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