Domo price target raised to $9.50 from $8 at Lake Street

Lake Street analyst Eric Martinuzzi raised the firm’s price target on Domo (DOMO) to $9.50 from $8 and keeps a Hold rating on the shares. The firm, which raised its FY25 revenue and profit estimates “slightly” after the Q3 report, notes that its increased price target reflects the growing partner pipeline and expanding multiples in the space.