Stockreport
Why Is Domo (DOMO) Stock Rocketing Higher Today [Yahoo! Finance]
Last monster beverage corporation earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations: investors.monsterbevcorp.com/events.cfm
Stephens & Co. initiated coverage on the stock with an "Overweight" rating and a $19 price target. An "Overweight" rating suggested that the analyst, Brett Huff, believed Domo's stock had the potential to perform better than other stocks in the market. This positive outlook from a Wall Street firm often attracted investor attention. The initiation of coverage by a new analyst can increase visibility for a company among institutional and retail investors. The $19 price target represented a significant premium to the stock's recent trading levels, signaling the firm's confidence in the company's future performance. Is now the time to buy Domo? Access our full analysis report here, it's free Domo's shares are very volatile and have had 27 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about wa
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