UBS Initiates Coverage On Datadog with Neutral Rating, Announces Price Target of $100
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Karl Keirstead has initiated coverage on Datadog (NASDAQ:DDOG) with a Neutral rating and a price target of $100.

October 02, 2023 | 9:13 am
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NEUTRAL IMPACT
UBS has initiated coverage on Datadog with a Neutral rating and a price target of $100.
The initiation of coverage by UBS with a Neutral rating suggests that the analyst sees the stock as fairly valued at current levels. The price target of $100 indicates where the analyst believes the stock will trade in the near term. This news is highly relevant to DDOG as it directly pertains to the company's stock. The importance is moderate as analyst ratings can influence investor sentiment and stock price, but they are just one of many factors. The confidence level is high as the information is clear and direct.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100