Barclays Maintains Overweight on Datadog, Lowers Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Overweight rating on Datadog (NASDAQ:DDOG) but lowers the price target from $152 to $145.
May 08, 2024 | 6:42 pm
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Barclays maintains an Overweight rating on Datadog but reduces the price target from $152 to $145.
The adjustment in price target by Barclays reflects a nuanced view on Datadog's valuation, suggesting a positive outlook albeit with a slightly reduced growth expectation. This could lead to mixed reactions in the short term, as investors digest the implications of the new price target against the backdrop of an Overweight rating.
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