Scotiabank lowered the firm’s price target on Datadog (DDOG) to $125 from $155 and keeps an Outperform rating on the shares. The firm loves the company’s leadership in cloud-native monitoring, its end-to-end solution across the three pillars of observability, and the trend of market consolidation, the analyst tells investors. If macro headline risks stabilize, the firm believe the Datadog should be “one of the stocks to rush back into.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DDOG:
- Datadog price target lowered to $120 from $164 at UBS
- Datadog price target lowered to $115 from $165 at DA Davidson
- Datadog price target lowered to $119 from $170 at RBC Capital
- Datadog price target lowered to $135 from $150 at Jefferies
- Datadog price target lowered to $134 from $161 at Cantor Fitzgerald