
Domo (DOMO) Stock Forecast & Price Target
Domo (DOMO) Analyst Ratings
Bulls say
Domo Inc. is witnessing a positive trajectory in its financial performance, highlighted by a guidance for billings of $310.0M-$320.0M, representing a modest increase of approximately 2% at the midpoint. The company's shift towards a consumption-based revenue model is anticipated to enhance its future revenue streams, with management forecasting that consumption revenue will constitute over 65% of Annual Recurring Revenue (ARR) by year's end. Additionally, there is an improvement in Non-GAAP EBIT margin to 4.1% and a positive adjusted free cash flow margin of 7.6%, indicating operational efficiency and financial health that support Domo's optimistic future outlook.
Bears say
Domo Inc. has projected billings of $62.0M-$63.0M, representing a 5% decrease year-over-year at the midpoint, which falls short of the consensus estimate of $67.3M that indicates a 3% increase year-over-year. Additionally, the company's professional services revenue declined by 17% year-over-year to $6.9M, significantly underperforming compared to the consensus expectation of $8.3M, which reflects a 4% increase. Overall, Domo has issued guidance indicating a slight decrease in total revenue growth, raising concerns about the company’s ability to compete effectively in the market.
This aggregate rating is based on analysts' research of Domo and is not a guaranteed prediction by Public.com or investment advice.
Domo (DOMO) Analyst Forecast & Price Prediction
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