Why Analysts Remain Split on Domo, Inc. (DOMO)

Domo, Inc. (NASDAQ:DOMO) is among the Best Get Rich Fast Stocks to Buy Right Now. On December 24, Tom Blakey from Cantor Fitzgerald assumed coverage on Domo, Inc. (NASDAQ:DOMO) with an ‘Overweight’ rating and a price target of $22, according to TheFly. This reaffirmation follows the firm’s revised research coverage for the Security & Infrastructure Software sector, following the analyst departure and resource reallocation.

Earlier, on December 8, an analyst at Stephens said that Domo, Inc. (NASDAQ:DOMO) could be a takeover target for Snowflake or Databricks. He noted this after raising the price target on Confluent Inc. (NASDAQ:CFLT) and downgrading it from Overweight to Equal Weight. TheFly reports that the update came after IBM committed to paying $31 per share for Confluent in its takeover. The firm believes the agreement highlights the importance of real-time streaming workloads for artificial intelligence and legacy database migration and that this “could portend a larger trend of best-in-class data technologies combining with firms that have larger distribution and complementary products.”

On the other hand, DA Davidson trimmed the price target on Domo, Inc. (NASDAQ:DOMO) to $10.00 from $13.00, keeping a Neutral rating, on December 5. Two days earlier, the company delivered its third-quarter fiscal 2026 results, reporting revenue in line with consensus estimates but billings short of consensus due to prolonged sales cycles for partner deals. The firm noted that it is “waiting to see more consistent execution and upside to the growth outlook before becoming more constructive.”

Domo, Inc. (NASDAQ:DOMO) is a Utah-based company operating a cloud-based modern AI and data products platform. Incorporated in 2010, the company has a strategic collaboration with Altis Consulting to offer transformative data solutions.

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Disclosure: None.