Datadog shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral and lowered its price target from $123 to $105.
Portfolio Pulse from Benzinga Newsdesk
Datadog's stock has been downgraded from Buy to Neutral by B of A Securities, which also lowered its price target from $123 to $105. This has resulted in Datadog shares trading lower.
October 09, 2023 | 12:29 pm
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NEGATIVE IMPACT
Datadog's stock has been downgraded by B of A Securities, leading to a decrease in its share price. The price target has also been lowered from $123 to $105.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Datadog's stock. This, coupled with the lowering of the price target, has led to a decrease in the share price. The impact is direct and significant, hence the high relevance and importance scores.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100