Needham & Company LLC has raised its target price by $ 9 on Domo, Inc. (NASDAQ:DOMO) to $ 47.00 from the previous mark of $ 38.00, suggesting the upside potential of more than 15.42 percent from the existing levels. However, the brokerage has maintained its Buy rating on the stock, Benzinga reported.
Shares of Domo, Inc. traded up $ 4.07 or 10.00 percent on Tuesday, reaching $ 44.79 with volume of 592.90 thousand shares. The stock opened positive for the day at $ 41.49, after closing the previous day trading at $ 40.72. According to the previous trading day, closing price of $ 40.72, representing a 434.38 % increase from the 52 week low of $ 7.62 and a 11.54 % decrease over the 52 week high of $ 46.03.
With respect to the key metrics, Domo, Inc. stock has advanced $ 20.03 or 81.00 percent, reaching $ 24.76 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 10.40 or 30.00 percent, before arriving at $ 34.39 during the SMA50-day period.
Domo, Inc. operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.
