Cantor Fitzgerald Maintains Overweight on Datadog, Raises Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Yi Fu Lee has maintained an Overweight rating on Datadog (NASDAQ:DDOG) and increased the price target from $115 to $145. This adjustment reflects a positive outlook on the company's future performance.
February 12, 2024 | 2:09 pm
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Cantor Fitzgerald has maintained an Overweight rating on Datadog and raised the price target from $115 to $145, indicating a positive outlook on the company's future performance.
The increase in price target by a reputable analyst firm like Cantor Fitzgerald typically signals a strong bullish sentiment towards the company's stock. This is based on the firm's research and positive expectations for the company's future performance, which can influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100