DOMO Enhances Collaboration with Snowflake for Advanced Data Solutions

Domo has strengthened its partnership with Snowflake by rolling out an array of applications on the Snowflake Marketplace. This collaboration allows joint customers to integrate, transform, and analyze data within a secure and scalable environment enhanced with advanced AI features. Domo's offering, powered by Snowflake, delivers a fully managed analytics and business intelligence solution. Analysts forecast an average target price of $13.60, with a high estimate of $20.00 and a low estimate of $9.00.

Domo Inc. (DOMO) has deepened its collaboration with Snowflake, rolling out an array of applications on the Snowflake Marketplace. This enhanced partnership enables joint customers to seamlessly integrate, transform, and analyze data within a secure and scalable environment, enhanced with advanced AI features [1].

Domo's offering, "Powered by Snowflake," delivers a fully managed analytics and business intelligence (BI) solution. This service simplifies deployment, management, and billing for customers by operating within the Snowflake environment. Customers gain effortless access to Domo's Magic ETL, connectors, dashboards, and low-code applications without the hassle of managing the underlying infrastructure [2].

The collaboration includes Domo's Magic ETL, over 1,000 pre-built connectors, and advanced AI capabilities within Snowflake, enhancing the value derived from data analytics and integration. This partnership benefits several major companies, such as Taylor Made, All Response Media, and Life Time Inc., aiding them in eliminating data silos and enhancing agility through advanced AI solutions [3].

Wall Street analysts forecast an average target price of $13.60 for Domo Inc., with a high estimate of $20.00 and a low estimate of $9.00. The average target implies a downside of 2.09% from the current price of $13.89 [2].

References:
[1] https://www.bigdatawire.com/this-just-in/domo-deepens-collaboration-with-snowflake-to-accelerate-ai-driven-analytics-and-data-integration-on-the-ai-data-cloud/
[2] https://www.gurufocus.com/news/2949195/domo-domo-enhances-collaboration-with-snowflake-for-advanced-data-solutions-domo-stock-news
[3] https://www.gurufocus.com/news/2949066/domo-deepens-collaboration-with-snowflake-to-accelerate-aidriven-analytics-and-data-integration-on-the-ai-data-cloud-domo-stock-news