Piper Sandler Upgrades Datadog to Overweight, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Rob Owens has upgraded Datadog (NASDAQ:DDOG) from Neutral to Overweight and raised the price target from $88 to $115.
October 02, 2023 | 8:56 am
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Datadog's stock rating has been upgraded to Overweight from Neutral by Piper Sandler, with a raised price target of $115, up from $88.
The upgrade from Neutral to Overweight indicates that the analyst believes that Datadog's stock will outperform the market or its sector in the short term. The raised price target suggests that the analyst sees significant upside potential in the stock. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100