Domo Shares Soar 4.61% on Strong Earnings, Analyst Upgrades

Domo (DOMO) shares surged 4.61% today, marking the third consecutive day of gains, with a cumulative increase of 32.75% over the past three days. The stock price reached its highest level since March 2024, with an intraday gain of 7.65%.

The strategy of buying DOMO shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years. The recent high point at $11.41 was reached on May 22, 2025. Over the following week, the stock price increased by 33.45%, reaching $15.06 on May 29, 2025. However, by June 5, 2025, the price had dropped by 24.76% to $11.31, and by June 12, 2025, it had decreased further by 9.97% to $10.20. The strategy ended with a final price of $11.41 on June 12, 2025, resulting in a 1.72% gain over the 5-year period. This indicates that while there was some growth, it was relatively modest and included significant volatility, with the stock price fluctuating widely over the holding period.

Domo's recent stock price surge can be attributed to several key factors. The company's robust earnings report, released earlier this month, has been a significant driver of investor confidence. The report showed strong financial performance, leading to a 30.5% increase in the stock price. This positive reaction from investors underscores the company's ability to deliver on its financial goals.

In addition to the earnings report, several analysts have revised their price targets for Domo, reflecting increased optimism about the company's future performance. JMP Securities reaffirmed a "Market Outperform" rating and maintained a price target of $16.00, signaling confidence in the stock's potential. TD Cowen raised its price target from $9 to $10.50, while DA Davidson increased its target from $8 to $9. Lake Street also lifted its price target to $9, citing strong momentum and notable year-to-date returns. These revised price targets suggest that analysts are bullish on Domo's prospects, further driving the stock price higher.