Canaccord raised the firm’s price target on Datadog to $120 from $95 and keeps a Buy rating on the shares. The firm said the company’s success with signing increasingly larger upfront deals speaks to the company’s proven track record in the observability space as well as the growing breadth of its platform into areas like Security and ML monitoring.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DDOG:
- Datadog price target raised to $100 from $95 at Wells Fargo
- Datadog price target raised to $118 from $104 at Barclays
- Datadog downgraded to Neutral from Buy at Mizuho
- Datadog price target raised to $125 from $114 at Goldman Sachs
- JPMorgan upgrades Datadog, advises ‘patient, opportunistic accumulation’