Truist Securities Maintains Buy on Datadog, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Ki Bin Kim has reaffirmed a Buy rating on Datadog (NASDAQ:DDOG) and increased the price target from $120 to $140, signaling confidence in the company's growth prospects.
January 16, 2024 | 7:02 pm
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Truist Securities analyst Ki Bin Kim maintains a Buy rating on Datadog and raises the price target from $120 to $140, indicating a positive outlook on the stock.
The increase in price target by Truist Securities reflects a bullish sentiment on Datadog's future performance. This could lead to increased investor confidence and a potential short-term rise in the stock price, as market participants often react positively to analyst upgrades and higher price targets.
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IMPORTANCE 85
RELEVANCE 100