BMO Capital Initiates Coverage On Datadog with Outperform Rating, Announces Price Target of $140
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman has initiated coverage on Datadog (NASDAQ:DDOG) with an Outperform rating and set a price target of $140 for the company's stock.
January 16, 2024 | 1:32 pm
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Datadog receives an Outperform rating from BMO Capital with a price target of $140, indicating a positive outlook on the stock's performance.
The initiation of coverage by BMO Capital with an Outperform rating typically suggests a positive sentiment towards the company's stock, which can lead to increased investor interest and potentially drive the stock price up in the short term. The announcement of a $140 price target further reinforces this positive outlook, suggesting that the analyst sees significant upside potential from the current trading levels.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100