Wolfe Research Maintains Outperform Rating for Datadog: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wolfe Research has maintained its Outperform rating for Datadog (NASDAQ:DDOG) and increased its price target from $140.00 to $150.00. Datadog's shares have risen 2.11% in the last 24 hours to $134.46. The new price target suggests a potential 11.56% increase from the current price. Datadog specializes in analyzing machine data through its SaaS platform, enabling clients to monitor and analyze their IT infrastructure in real time.
February 14, 2024 | 5:00 pm
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Wolfe Research maintains Outperform rating for Datadog and raises price target to $150, indicating a potential 11.56% increase from the current price.
The maintenance of an Outperform rating and the increase in price target by Wolfe Research are strong positive signals for Datadog. Given the recent 2.11% increase in share price and the potential for further growth indicated by the new price target, this endorsement could lead to increased investor confidence and a short-term positive impact on Datadog's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100