Baird Upgrades Datadog to Outperform, Raises Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Baird analyst William Power upgraded Datadog (NASDAQ:DDOG) from Neutral to Outperform and increased the price target from $130 to $140, indicating a positive outlook on the company's future performance.
May 08, 2024 | 9:32 am
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Datadog's upgrade from Neutral to Outperform by Baird, along with a price target increase to $140, reflects a bullish outlook on the company's stock.
The upgrade by Baird, a reputable financial firm, to Outperform signifies a strong confidence in Datadog's market position and growth potential. The increase in price target to $140 further underscores the expectation of the stock's upward trajectory, likely influencing investor sentiment positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100