DataDog Is The 'Next High-Quality Large-Cap Stock,' Says Analyst
Portfolio Pulse from Hayden Buckfire
Bank of America analyst Koji Ikeda upgraded DataDog Inc (NASDAQ:DDOG) from Neutral to Buy, raising its price target from $143 to $155. Ikeda views DataDog as a high-quality large-cap stock with significant growth potential, driven by its robust platform and AI capabilities. The upcoming AI conference DASH is seen as a catalyst for further growth.
May 30, 2024 | 5:20 pm
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POSITIVE IMPACT
Bank of America analyst Koji Ikeda upgraded DataDog from Neutral to Buy, raising its price target from $143 to $155. The analyst sees strong growth potential driven by AI and the upcoming DASH conference.
The upgrade from Neutral to Buy and the increased price target indicate strong confidence in DataDog's future performance. The emphasis on AI and the upcoming DASH conference as growth drivers further supports a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100