Entering text into the input field will update the search result below

Domo falls after Morgan Stanley lowers rating on sales execution issues

Jan. 20, 2023 1:11 PM ETDOMOBy: Mary Christine Joy, SA News Editor

The upgrade or downgrade symbol. The entrepreneur turns the wooden cube and replaces the word "downgrade" with "upgrade".

Hwangdaesung/iStock via Getty Images

  • Domo (DOMO) was down ~9% during market hours after Morgan Stanley lowered its rating on the cloud-based business intelligence platform on sales execution issues.
  • Morgan Stanley analyst Sanjit Singh cut the rating to Equal Weight from Overweight, and reduced the price target to $16 from $24.
  • It is hard to find a catalyst, with the company heading into a tougher spend environment. Sales execution challenges persist and executive departures raise more execution risk, according to the analyst.

Recommended For You

More Trending News