B of A Securities Downgrades Datadog to Neutral, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Koji Ikeda has downgraded Datadog (NASDAQ:DDOG) from Buy to Neutral and lowered the price target from $123 to $105.

October 09, 2023 | 10:44 am
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Datadog's rating has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target from $123 to $105.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Datadog. The lowered price target from $123 to $105 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100