Datadog shares are trading higher after Baird upgraded the stock from Neutral to Outperform and raised its price target from $130 to $140.
Portfolio Pulse from Benzinga Newsdesk
Datadog shares surged following an upgrade by Baird from Neutral to Outperform, with a price target increase from $130 to $140.
May 08, 2024 | 5:01 pm
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Datadog's stock received a positive outlook from Baird, upgrading it to Outperform and raising the price target to $140.
The upgrade by Baird from Neutral to Outperform, accompanied by a significant price target increase, suggests a strong bullish sentiment towards Datadog's stock. This is likely to attract investor interest and could lead to a short-term price increase as market participants adjust their positions based on the new analyst outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100