Needham Maintains Buy on Datadog, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos maintains a Buy rating on Datadog (NASDAQ:DDOG) but lowers the price target from $165 to $140.

August 09, 2024 | 10:22 am
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Needham analyst Mike Cikos maintains a Buy rating on Datadog but lowers the price target from $165 to $140.
The maintained Buy rating suggests continued confidence in Datadog's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100