Wall Street Zen Upgrades Domo (NASDAQ:DOMO) to Buy Rating

Analysts see potential in cloud-based business intelligence and data analytics company despite recent stock declines.

Mar. 21, 2026 at 5:51am

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Wall Street Zen, an equity research firm, has upgraded shares of Domo, Inc. (NASDAQ:DOMO) from a "hold" rating to a "buy" rating in a new research note. The upgrade comes despite recent stock price declines for the cloud-based business intelligence and data analytics company.

Why it matters

Domo has faced challenges in recent months, with its stock price dropping significantly. However, the upgrade from Wall Street Zen suggests that analysts see potential for the company's cloud-based platform that integrates and analyzes data from various sources to provide real-time insights for enterprises.

The details

In their research note, Wall Street Zen cited Domo's unique end-to-end data integration and visualization capabilities as key factors behind the upgrade. The analysts believe Domo's platform can help organizations make more informed decisions by unifying disparate data sources into interactive dashboards and custom applications.

  • The research note was issued on Saturday, March 21, 2026.

The players

Wall Street Zen

An equity research firm that covers Domo and has upgraded the company's stock rating to "buy".

Domo, Inc.

A cloud-based software company that specializes in business intelligence and data analytics, providing an end-to-end platform to integrate, visualize, and analyze data from various sources.

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The takeaway

The upgrade from Wall Street Zen suggests that despite recent stock price declines, analysts see potential in Domo's cloud-based business intelligence and data analytics platform. As enterprises continue to grapple with the challenge of integrating and analyzing data from multiple sources, Domo's unique offering could gain traction in the market.