BofA raised the firm’s price target on Datadog (DDOG) to $175 from $150 and keeps a Buy rating on the shares after the observability software vendor was selected to become the newest member of the S&P 500, effective on Wednesday July 9. The stock soared 15% during the shorter trading session ahead of the July 4t holiday following the announcement and the firm believes “investors should stick with it” as it believes “investor awareness of this DevSecOps category leader will increase meaningfully” with its inclusion in the index.
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