Why Domo Stock Rocketed More Than 16% Higher Today

The company gets a pundit's thumbs-up on the day before publishing quarterly earnings.On Tuesday, one day before it's slated to publish its latest set of quarterly earnings, data analytics company Domo (DOMO 16.11%) earned a recommendation upgrade from an analyst. Investors took this to heart, pushing the company's share price up in excess of 16%. That performance was miles better than the S&P 500 index's 0.4% increase.A pre-earnings upgradeThe upgrade came from TD Cowen's Derrick Wood, who now feels Domo s ...