Citizens JMP Maintains Buy Rating on Domo with $20 Target Price

Citizens JMP analyst Patrick Walravens reiterated a Buy rating for Domo (DOMO) with a $20.00 price target. The company's shares opened at $15.00. Walravens has a 6.4% average return and a 48.46% success rate on recommended stocks. Domo has a Moderate Buy analyst consensus with a $18.38 price target, implying a 22.53% upside.

Domo (DOMO) shares fell approximately 13% in after-hours trading on July 2, 2025, despite reporting better-than-expected second-quarter fiscal 2026 results. The company's earnings per share (EPS) of $0.02 beat consensus estimates of a $0.05 loss per share, and revenue reached $79.7 million, exceeding analyst expectations of $78.1 million. However, the stock's decline follows a strong year-to-date performance, with Domo shares rising 148% in 2025 before the earnings release.

JMP Securities analyst Patrick Walravens reiterated a Market Outperform rating on Domo with a $20.00 price target following the earnings release. Walravens has a 6.4% average return and a 48.46% success rate on recommended stocks. The current consensus among analysts is a Moderate Buy with a $18.38 price target, implying a 22.53% upside [1].

Domo's Q2 2026 results highlighted several key points. Subscription revenue reached $72.7 million, up 3% year-over-year, and billings totaled $70.3 million, surpassing the consensus estimate of $69.6 million and showing 1% year-over-year growth. The company's long-term subscription RPO growth slowed to 19% from 24% in the prior quarter. Despite these positive developments, the stock's after-hours decline reflects the market's cautious approach to Domo's growth prospects.

DA Davidson analyst Lucky Schreiner raised Domo's price target from $9 to $15, maintaining a Neutral rating. Schreiner attributed the upgrade to robust Q2 results, driven by partner-led pipeline growth. However, Schreiner emphasized that further substantial improvements in growth outlook are necessary before taking a more optimistic stance on the stock [2].

Domo's strategic transformation, including a shift to a consumption-based pricing model and AI-driven data analytics, has positioned it as a high-conviction buy for investors seeking exposure to the data analytics revolution. The company's 19% year-over-year increase in subscription RPO to $409.8 million and first positive non-GAAP EPS of $0.02 validate its ability to execute on its vision. As AI adoption accelerates and consumption-based pricing becomes the industry standard, Domo is well-positioned to outperform peers and deliver outsized returns [3].

References:
[1] https://www.investing.com/news/analyst-ratings/domo-stock-falls-13-despite-earnings-beat-as-jmp-reiterates-bullish-view-93CH-4214060
[2] https://www.ainvest.com/news/da-davidson-analyst-raises-domo-domo-target-price-15-maintains-neutral-rating-2508/
[3] https://www.ainvest.com/news/domo-strategic-transformation-high-conviction-buy-ai-driven-data-analytics-2508/