DOMO - Domo: Abundant Opportunity To Buy The Dip
- Shares of Domo rallied modestly after a relatively strong Q1 earnings print but still remain down nearly 40% on the year.
- Domo achieved slight revenue growth acceleration to 24% y/y in Q1 while billings growth also clocked in at 25% y/y.
- With this growth, Domo is proving its effectiveness and popularity in a market once thought to be dominated by larger players like Microsoft Power BI and Salesforce Tableau.
- Domo is trading at just 3.5x forward revenue, a valuation that gives it plenty of room to snap back.
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Domo: Abundant Opportunity To Buy The Dip