D.A. Davidson reiterated its Neutral rating on Domo Inc stock with a price target of $3.50 following mixed fiscal first-quarter 2027 results. Revenue fell to $79.4 million from $80.1 million a year ago, missing the $79.6 million consensus, while the adjusted loss per share of $0.02 beat the expected $0.08 loss. Subscription revenue declined to $69.8 million from $71.4 million, which the brokerage cited as a factor in maintaining the Neutral rating. Domo CEO Josh James noted the company is approaching $300 million in recurring revenue and exited the quarter with $39.1 million in cash. D.A. Davidson also highlighted that Domo continues to search for an acquirer and has secured additional time for that process.
Domo IncRevenue miss and subscription decline, with Neutral rating reiterated and search for acquirer noted.