RBC Capital Maintains Outperform Rating for Datadog: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Outperform rating for Datadog (NASDAQ:DDOG) and increased its price target from $145.00 to $151.00. Datadog's shares have risen 2.52% in the last 24 hours to $135.00. The new price target suggests an 11.85% upside potential. Datadog specializes in analyzing machine data through its SaaS platform, enabling real-time IT infrastructure monitoring and analysis.
February 14, 2024 | 5:00 pm
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RBC Capital maintains Outperform rating for Datadog, raising price target from $145 to $151. Shares currently up 2.52% at $135, indicating potential for further growth.
The maintenance of an Outperform rating and the increase in price target by RBC Capital are strong positive signals for Datadog. The current share price increase further supports the potential for growth, making this news highly relevant and important for investors. The confidence in this analysis is high due to the clear and direct impact of analyst ratings on stock prices, especially when it comes from a reputable financial institution.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100