Domo Stock Surges on Analyst Upgrade: A Turnaround Story?

Domo's stock skyrocketed 16% after a major upgrade from TD Cowen, who cited a shift to consumption-based pricing and key cloud partnerships as catalysts for growth. This surge, amplified by hints of future interest rate cuts, adds to Domo's impressive 124% gain this year, though long-term investors haven't always seen such returns. Is this a true turnaround or just another volatile swing for the business intelligence firm? Hosted on Acast. See acast.com/privacy for more information.