tiprankstipranks
Blurbs

Analysts Offer Insights on Technology Companies: Datadog (DDOG), Q2 Holdings (QTWO) and EngageSmart (ESMT)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Datadog (DDOGResearch Report), Q2 Holdings (QTWOResearch Report) and EngageSmart (ESMTResearch Report) with bullish sentiments.

Datadog (DDOG)

In a report released today, Adam Tindle from Raymond James maintained a Buy rating on Datadog, with a price target of $140.00. The company’s shares closed last Friday at $112.89.

According to TipRanks.com, Tindle is a 4-star analyst with an average return of 4.6% and a 46.8% success rate. Tindle covers the Technology sector, focusing on stocks such as Ping Identity Holding, Palo Alto Networks, and Motorola Solutions.

Datadog has an analyst consensus of Strong Buy, with a price target consensus of $147.17, which is a 38.6% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $130.00 price target.

See the top stocks recommended by analysts >>

Q2 Holdings (QTWO)

In a report released today, Brian Peterson from Raymond James maintained a Buy rating on Q2 Holdings, with a price target of $65.00. The company’s shares closed last Friday at $44.42, close to its 52-week low of $34.42.

According to TipRanks.com, Peterson is a 5-star analyst with an average return of 19.3% and a 59.8% success rate. Peterson covers the Technology sector, focusing on stocks such as Qualtrics International, Manhattan Associates, and Instructure Holdings.

Q2 Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $62.50, representing a 38.5% upside. In a report issued on July 21, Stifel Nicolaus also maintained a Buy rating on the stock with a $70.00 price target.

EngageSmart (ESMT)

KeyBanc analyst Josh Beck maintained a Buy rating on EngageSmart today and set a price target of $25.00. The company’s shares closed last Friday at $21.24.

According to TipRanks.com, Beck is a 5-star analyst with an average return of 18.7% and a 61.6% success rate. Beck covers the Technology sector, focusing on stocks such as AvidXchange Holdings, BigCommerce Holdings, and Bill.com Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for EngageSmart with a $30.00 average price target, a 44.8% upside from current levels. In a report released today, Needham also reiterated a Buy rating on the stock with a $40.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on DDOG:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More