By Nicholas G. Miller
Shares of Domo Inc. climbed after TD Cowen upgraded the stock to "buy" and raised its price target to $21 from $13.
The stock rose 18%, to $16.32, and has more than doubled so far this year.
TD Cowen analysts said in a note Tuesday that Domo's shift from seat-based pricing to consumption-based pricing would drive better adoption and monetization. Meanwhile, the cloud-based-data-platform company's decision to partner with, rather than compete against, cloud-data warehouses such as Snowflake would drive sustained growth, the analysts said.
"Moreover, investor demand for data/infrastructure stocks is growing, but supply is limited and DOMO has been flying under most radars," the analysts said.
Write to Nicholas G. Miller at nicholas.miller@wsj.com
(END) Dow Jones Newswires
August 26, 2025 13:30 ET (17:30 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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