Stifel Downgrades Datadog to Hold, Lowers Price Target to $90
Portfolio Pulse from richadhand@benzinga.com
Stifel analyst Brad Reback has downgraded Datadog (NASDAQ:DDOG) from Buy to Hold and lowered the price target from $115 to $90.

August 09, 2023 | 9:06 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Datadog's stock rating has been downgraded from Buy to Hold by Stifel, with a lowered price target of $90.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not outperform the market in the near future. The lowered price target indicates a reduced expectation of the stock's future price, which could negatively impact investor sentiment and potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100