D.A. Davidson Reiterates Domo Inc (DOMO) Stock Rating

Domo Inc (NASDAQ:DOMO) is one of the best AI stocks under $10 to buy now. Some 20 hedge funds have stakes in Domo Inc (NASDAQ:DOMO), as the Street projects more than 160% upside for the stock.

On June 16, D.A. Davidson reiterated its Neutral rating on Domo Inc (NASDAQ:DOMO) stock with a price target of $3.50. This call followed Domo's mixed earnings results for fiscal Q1 2027, which ended on April 30.

The company delivered revenue of $79.4 million, down from $80.1 million a year ago and below the $79.6 million that analysts forecast. However, the adjusted loss per share of $0.02 was better than the loss per share of $0.08 that the Street anticipated.

Subscription revenue dropped to $69.8 million from $71.4 million a year ago. The brokerage said the decline in subscription revenue was a factor in maintaining the Neutral rating on the stock.

Domo CEO Josh James commented that the company has built a platform that helps businesses "put data, AI, and agents to work in meaningful ways." He added that he is proud of what the Domo team has built, and that the company is approaching $300 million in recurring revenue. Domo exited Q1 with $39.1 million in cash.

In its remarks, D.A. Davi

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/d-davidson-reiterates-domo-inc-202837087.html)