Datadog shares are trading higher after Oppenheimer maintained an Outperform rating on the stock and raised its price target from $105 to $120.
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer has maintained an Outperform rating on Datadog and raised its price target from $105 to $120. This has led to Datadog's shares trading higher.
July 17, 2023 | 2:39 pm
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Datadog's stock is trading higher after Oppenheimer maintained an Outperform rating and raised its price target from $105 to $120.
The increase in Datadog's stock price is directly related to Oppenheimer's positive rating and raised price target. This indicates a strong confidence in the company's performance, which is likely to attract more investors, thus driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100