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On Friday, Citizens JMP maintained a Market Outperform rating and a $16.00 price target on Domo shares (NASDAQ:DOMO). This affirmation follows the company’s annual user conference, Domopalooza 2025, and an investor session in Salt Lake City. The analyst’s decision comes after Domo’s stock has seen a 17% increase year to date, contrasting with a 4% decline in the Russell 3000 index. With a beta of 2.57 and market capitalization of $324 million, Domo shows notably higher volatility than the broader market. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value calculation.
The conference, which did not provide any financial updates, included a survey of nine Domo customers regarding their anticipated spending on the company’s services for the next 12-18 months. The survey revealed that 67% of the customers plan to increase their spending, while 33% expect it to remain the same, with none indicating a decrease in spending. Notably, a representative from one of the world’s largest food companies hinted at continued investment in Domo’s services, emphasizing the company’s reliance on Domo for its operations. With annual revenue of $317 million and a robust gross profit margin of 74%, Domo maintains strong fundamentals despite current profitability challenges. InvestingPro subscribers can access 6 additional key insights about Domo’s financial health and growth prospects.
In addition to the customer survey, Domo’s management shared insights on the company’s focus areas for the fiscal year 2026. These priorities include driving product adoption, integrating artificial intelligence (AI), securing multi-year contracts, and fostering product-led growth.
A key announcement at the event was the introduction of Domo’s new Agent Catalyst. This tool is designed to assist developers in creating AI agents more efficiently. The offering was met with significant interest, garnering over 200 customer requests within the first hour of its announcement. The strong customer response and the company’s strategic initiatives appear to underpin Citizens JMP’s positive outlook on Domo stock.
In other recent news, Domo has reported several significant developments. The company announced platform enhancements at Domopalooza 2025, focusing on improving data interaction and management through features like Table Elements and Magic ETL. These updates aim to make data more accessible and actionable for users. Additionally, Domo introduced Agent Catalyst, a new AI solution designed to automate business processes with autonomous AI agents. This innovation highlights Domo’s commitment to integrating AI capabilities across its platform, ensuring data security and governance.
Cantor Fitzgerald maintained its Overweight rating for Domo with an $11 price target, citing a positive outlook following the Domopalooza AI + Data Conference. The firm noted Domo’s strong fiscal year finish and the company’s focus on go-to-market execution. In executive news, Domo appointed Mark Maughan as the new chief operating officer, effective immediately. Maughan, who has been with the company since 2015, previously served as Senior Vice President of Customer Success.
Furthermore, Domo elected Ryan Wright and David Jolley as new directors, with Jolley resigning from his employee position at the company. These appointments were confirmed by stockholders and are part of Domo’s strategic leadership changes. The company continues to position itself in the technology sector, reinforcing its leadership team and enhancing its product offerings.
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