Cantor Fitzgerald lifts DOMO stock price target to $17

On Wednesday, Cantor Fitzgerald’s Yi Fu Lee increased the price target for DOMO stock (NASDAQ: DOMO) to $17, up from the previous target of $12, while reiterating an Overweight rating. The adjustment in the price target follows a comprehensive review of the company’s first-quarter financial results for fiscal year 2026. The stock has shown remarkable momentum, with InvestingPro data showing an impressive 82% return year-to-date and currently trading near its 52-week high of $13.Want deeper insights? InvestingPro offers 12 additional investment tips for DOMO, including detailed analysis of its financial health and growth prospects.

Lee’s analysis highlighted DOMO’s Revenue Performance Obligation (RPO) to Annual Recurring Revenue (ARR) ratio, which benchmarks favorably against other leading SaaS/software companies. The firm’s evaluation also took into account the potential market disruption caused by a takeover offer for peer company Informatica, and positive signals from management and investor discussions that point to a strong momentum trend. This momentum is reflected in the company’s market performance, with InvestingPro data showing a 39% price return over the past six months and three analysts revising their earnings estimates upward for the upcoming period.

The analyst’s confidence in raising the price target is based on a combination of fundamental due diligence and basic technical analysis. According to Lee, this approach has provided a differentiated perspective in estimating DOMO’s market position and future performance.

DOMO’s first-quarter results, reported last week on May 21, showcased a robust start to the fiscal year. The company’s performance exceeded FactSet consensus expectations across several key financial metrics, including billings, revenue, operating income and margin, as well as free cash flow and margin.

The success of DOMO in the first quarter is attributed to effective pipeline building, which was supported by partner ecosystem-led initiatives such as Domopalooza. These efforts have been instrumental in securing deals and contributing to the company’s positive financial outcomes for the quarter.

In other recent news, Domo (NASDAQ:DOMO) reported a strong start to the first quarter of fiscal year 2026, surpassing FactSet consensus expectations in key financial metrics such as revenue, operating income, and free cash flow. Revenue for the quarter reached $80.1 million, exceeding the anticipated $77.9 million. Cantor Fitzgerald responded by raising Domo’s stock target to $17, maintaining an Overweight rating, citing the company’s strong performance and strategic initiatives. Similarly, DA Davidson increased their price target to $9, noting Domo’s impressive earnings and positive operating margin for the first time in its history. Lake Street Capital Markets also adjusted their price target to $9, highlighting improved sales force productivity and a better-than-expected billings report. Citizens JMP maintained a $16 price target, emphasizing Domo’s non-GAAP EPS of ($0.09), which beat the consensus estimate. The company’s strategic shift towards a consumption-based pricing model has also been highlighted, with over 70% of its Annual Recurring Revenue now generated from this approach. These developments reflect a positive outlook for Domo, as analysts express confidence in the company’s growth trajectory.

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