Needham analyst Jack Andrews reiterated a Buy rating on Domo (NASDAQ:DOMO) Inc on Tuesday, setting a price target of $47, which is approximately 15.42% above the present share price of $40.72.
Andrews expects Domo Inc to post earnings per share (EPS) of -$0.88 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Domo, with an average price target of $37.83.
The analysts price targets range from a high of $47 to a low of $32.
In its latest earnings report, released on 04/30/2020, the company reported a quarterly revenue of $48.56 million and a net profit of -$21.97 million. The company's market cap is $1.17 billion.
According to TipRanks.com, Needham analyst Jack Andrews is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.4% and a 69.68% success rate.
Domo, Inc. designs, develops, and markets executive management software solutions. It offers customized software tools for business operations, customer relationship management, human resources, and financial reporting. The company was founded by Joshua G. James in September 2010 and is headquartered in American Fork, UT.