Why Domo Stock Skyrocketed Today
Shares of (NASDAQ: DOMO) absolutely soared on Thursday. The stock had gained 30.5% at 1:30 p.m. ET, driven by a robust earnings report.
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The cloud-based software specialist reported $80.1 million of top-line revenue in the first quarter of fiscal year 2026, unchanged from the year-ago period. Further down the income statement, Domo saw an adjusted net loss of $0.09 per share. That's a strong improvement from a net loss of $0.33 per share. The average Wall Street analyst had expected a larger loss of roughly $0.11 per share.
Source Fool.com
Domo Stock
€12.21
-3.190%
Domo is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
With a target price of 16 € there is a positive potential of 31.09% for Domo compared to the current price of 12.21 €.
