Domo stock hits 52-week high at $10.29 amid robust growth

In a remarkable display of resilience, Domo Inc . (NASDAQ:DOMO) stock has soared to a 52-week high, with the current price reaching $11.03. According to InvestingPro data, the company maintains a strong gross profit margin of 74.45% despite volatile price movements. This peak reflects a significant turnaround for the cloud software company, which has seen its stock value climb by 16.8% over the past year. With a market capitalization of $411 million and annual revenue of $317 million, investors have shown increased confidence in Domo’s strategic direction. However, InvestingPro analysis reveals some challenges, including short-term obligations exceeding liquid assets. The company’s performance, particularly in the context of a challenging economic environment, continues to evolve. For deeper insights into Domo’s financial health and growth potential, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, DOMO has reported its first-quarter fiscal year 2026 results, showcasing a revenue of $80.1 million, which surpassed the expected $77.9 million. Despite a non-GAAP EPS of ($0.09), which was better than the anticipated ($0.20), the company’s subscription revenue was slightly down year-over-year at $71.4 million. Analysts from Citizens JMP maintained a Market Outperform rating with a $16 target, reflecting confidence in DOMO’s performance. Lake Street Capital Markets also adjusted their price target to $9.00, citing improved sales force productivity and a better-than-expected billings report of $63.9 million. DA Davidson raised their target to $9.00 after DOMO’s earnings exceeded expectations and revised the full-year guidance upward for revenue and earnings. Meanwhile, Cantor Fitzgerald increased their price target to $12, highlighting DOMO’s strong strategic partnerships and successful monetization of deals. These developments indicate a positive outlook for DOMO, supported by strategic partnerships and a shift towards a consumption-based pricing model.

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