Domo Inc. (DOMO) Stock Forecast & Predictions

Domo Inc. - Class B DOMO: $81.82

772 E Utah Valley Dr, American Fork, Utah, US. | Sector: Information | Exchange: NASDAQ/NMS (GLOBAL MARKET) | Web: www.domo.com

  • Market Cap$2.23B
  • Change (52 Weeks)151.98%
  • Low (52 Weeks)$29.29
  • Domo Inc. (DOMO) Forecast Based on Technical Analysis


    Neutral
    Based on 15 Technical Indicators where 26.67% are on Buy, 20.00% on Sell, and 53.33% Neutral.

    According to the market data, Domo Inc. (DOMO) stock price is $81.82 and the 52 weeks low is $29.29, which means the Domo Inc. stock price is up 151.98% in the last 12 months.

    Domo Inc. (DOMO) Stock Price has been Trending Strongly with an ADX reading of 32.80 as per the Weekly Chart.

    A Upward trend indicates that Domo Inc. (DOMO) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 15 technical indicators, 26.67% are indicating that DOMO Stock price might rise further, 20.00% indicating that DOMO Stock price might fall, and 53.33% are in a neutral position.

    Based on these technical algorithms, overall DOMO stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Domo Inc. (DOMO) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Domo Inc. (DOMO) is based on 11 Institutional Analyst Ratings where 63.64% are on Strong Buy, 27.27% on Moderate Buy, 9.09% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 11 Institutional Analysts, majority recommended DOMO stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Domo Inc..

    Domo Inc. (DOMO) Stock Price Prediction By Analysts


    HighLowAverage
    $97.65$83.83$90.27
    $90.2710.33% Upside
    Updated: 2021-06-18 00:00:00

    The Average Price target for DOMO set by the institutional analysts is $90.27 where High Estimate is $97.65, Median $90.78 and Low $83.83.

    The average price target for DOMO by Institutional Analysts is $90.27, which is 10.33% Upside from the current price. So according to the Institutional Analysts, DOMO Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Domo Inc. (DOMO) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 434,839 investor portfolio.

    Our algorithm has analysed 434,839 investor portfolio with DOMO stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about DOMO and holding their positions hoping for a further rise in the stock price and more profit.

    Domo Inc. (DOMO) Stock Forecast Based on News Sentiment


    Neutral
    Based on 1 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of DOMO consisting of positive and negative, it shows that Domo Inc. had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so DOMO stock price most likey won't have any reaction to last weeks news coverage.

    Domo Inc. (DOMO) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Cowen & Co.OutperformMaintained
    NeedhamBuyMaintained
    Morgan StanleyOverweightMaintained
    UBSBuyUpgraded
    NeedhamBuyMaintained
    Morgan StanleyOverweightMaintained
    JMP SecuritiesOutperformMaintained
    JMP SecuritiesOutperformMaintained
    NeedhamBuyMaintained
    Credit SuisseNeutralMaintained
    Morgan StanleyOverweightUpgraded
    NeedhamBuyMaintained
    Credit SuisseNeutralMaintained
    UBSNeutralMaintained
    NeedhamBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseNeutralMaintained
    NeedhamBuyMaintained
    Morgan StanleyEqual-WeightDowngraded
    Credit SuisseNeutralMaintained
    UBSNeutralMaintained
    NeedhamBuyMaintained
    Credit SuisseNeutralMaintained
    Cowen & Co.OutperformMaintained
    NeedhamBuyMaintained
    NeedhamBuyMaintained
    Morgan StanleyOverweightMaintained
    Credit SuisseNeutralMaintained
    Cowen & Co.OutperformMaintained
    UBSNeutralMaintained
    Credit SuisseNeutralMaintained
    Cowen & Co.OutperformMaintained
    NeedhamBuyMaintained
    Morgan StanleyOverweightMaintained
    Cowen & Co.OutperformReiterated
    UBSNeutralMaintained
    UBSNeutralMaintained
    JMP SecuritiesMarket OutperformMaintained
    Credit SuisseNeutralDowngraded
    Credit SuisseOutperformMaintained
    Morgan StanleyOverweightMaintained
    NeedhamBuyInitiated
    Morgan StanleyOverweightMaintained
    JMP SecuritiesMarket OutperformMaintained
    Credit SuisseOutperformMaintained
    William BlairOutperformInitiated
    UBSNeutralInitiated
    Morgan StanleyOverweightInitiated
    JMP SecuritiesMarket OutperformInitiated
    Credit SuisseOutperformInitiated
    Cowen & Co.OutperformInitiated
    SusquehannaPositiveInitiated

    Domo Inc. (DOMO) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.369
    The average consensus EPS for DOMO is $-0.369 with a high estimate of $-0.367 and Low of $-0.372 for the period 2021-09-30 and based on 7 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.26$-0.434826000000000052022-03-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$2022-06-30
    $-0.26$-0.434826000000000052022-03-31
    $-0.32$-0.4409462021-12-31
    $-0.4$-0.4444142021-09-30
    $-0.37$-0.51499800000000012021-06-30
    $-0.65$-0.9242222021-03-31
    $-0.85$-0.9788942020-12-31
    $-0.85$-1.0348922020-09-30
    $-0.96$-1.0066382020-06-30
    $-1.08$-1.303562020-03-31
    $-0.94$-1.26388200000000022019-12-31
    $-1.06$-1.40739599999999992019-09-30
    $-3.44$-4.02818399999999952019-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).