RBC Capital Maintains Outperform on Datadog, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg maintains an Outperform rating on Datadog (NASDAQ:DDOG) and raises the price target from $103 to $120.
November 08, 2023 | 7:53 pm
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RBC Capital maintains an Outperform rating on Datadog and raises the price target from $103 to $120. This could potentially lead to an increase in the stock's price.
The Outperform rating maintained by RBC Capital indicates that they expect Datadog to do better than the overall market. The increase in the price target from $103 to $120 suggests that they believe the stock is undervalued at its current price. This could lead to increased investor interest and a potential increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100