Is Domo Stock a Buy Now?
's (NASDAQ: DOMO) stock sank 36% to a three-and-a-half-year low on Aug. 25 after the cloud-based enterprise software company posted its latest earnings report. For the second quarter of fiscal 2024 (ended July 31), its revenue rose 5% year over year to $79.7 million and beat analysts' estimates by $0.8 million. It narrowed its adjusted net loss from $8.2 million to $0.8 million, or $0.02 per share, which also cleared the consensus forecast by seven cents.
Those headline numbers weren't disastrous, but its grim guidance suggested the grueling slowdown was far from over. Does Domo's post-earnings plunge represent a buying opportunity? Or is it a falling knife which should be avoided?
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Source Fool.com
Domo Stock
€3.39
-2.500%
With 15 Buy predictions and not the single Sell prediction the community is currently very high on Domo.
As a result the target price of 6 € shows a very positive potential of 76.89% compared to the current price of 3.39 € for Domo.
