Baird Downgrades Datadog to Neutral, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
Baird analyst William Power has downgraded Datadog (NASDAQ:DDOG) from Outperform to Neutral and lowered the price target from $100 to $84.
October 30, 2023 | 10:35 am
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NEGATIVE IMPACT
Datadog's rating has been downgraded from Outperform to Neutral by Baird, with a lowered price target from $100 to $84.
The downgrade from Baird could potentially lead to a decrease in investor confidence in Datadog, which may negatively impact the stock price in the short term. The lowered price target also suggests that Baird sees less upside potential in the stock, which could further dampen investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100