DOMO (DOMO) PT Raised to $13 at TD Cowen

TD Cowen analyst Derrick Wood raised the price target on DOMO (NASDAQ: DOMO) to $13.00 (from $10.50) while maintaining a Hold rating.

The analyst comments "We hosted DOMO CFO Todd Crane at our TMT conference in NYC last week. We come encouraged by the traction DOMO seeing w/ its turnaround efforts, incl. dividends from new CDW partnerships & new consumption model changes, but we feel the recent spike in shares reflects these improvements, and we're looking for add'l checks to confirm momentum can keep building. Maintain Hold. Raise PT to $13."

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