Morgan Stanley Maintains Overweight on Datadog, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Sanjit Singh has maintained an Overweight rating on Datadog (NASDAQ:DDOG) and raised the price target from $100 to $110.
November 08, 2023 | 9:11 pm
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Morgan Stanley has maintained an Overweight rating on Datadog and raised the price target from $100 to $110, indicating a positive outlook for the company.
The Overweight rating maintained by Morgan Stanley indicates that they believe Datadog's stock will outperform the average return of the stocks they cover. The increase in price target from $100 to $110 suggests that they expect the stock price to rise in the short term. This is likely to have a positive impact on Datadog's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100