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Analysts Offer Insights on Technology Companies: Domo (DOMO) and InterDigital (IDCC)

Tipranks - Thu Jun 18, 3:58AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Domo (DOMO) and InterDigital (IDCC) with bullish sentiments.

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Domo (DOMO)

In a report released yesterday, Eric Martinuzzi from Lake Street maintained a Buy rating on Domo, with a price target of $7.00. The company’s shares closed last Tuesday at $2.05.

According to TipRanks.com, Martinuzzi is a 5-star analyst with an average return of 11.4% and a 49.6% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as SoundThinking Inc, One Stop Systems, and Cognyte Software. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Domo with a $5.81 average price target, which is a 134.7% upside from current levels. In a report issued on June 8, TD Cowen also maintained a Buy rating on the stock with a $6.00 price target.

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InterDigital (IDCC)

In a report released today, Arjun Bhatia from William Blair maintained a Buy rating on InterDigital. The company’s shares closed last Tuesday at $287.15.

According to TipRanks.com, Bhatia has 0 stars on 0-5 stars ranking scale with an average return of -4.0% and a 39.0% success rate. Bhatia covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Zoom Video Communications, and Klaviyo, Inc. Class A. ;'>

Currently, the analyst consensus on InterDigital is a Moderate Buy with an average price target of $425.00, representing a 47.2% upside. In a report issued on June 12, Roth MKM also maintained a Buy rating on the stock with a $425.00 price target.

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