Upwind acquisition would boost Datadog security offering, says BofA

Following a media report that said observability vendor Datadog (DDOG) is in talks to acquire Upwind Security for up to $1B, BofA analyst Koji Ikeda said that the acquisition of Upwind would bolster Datadog’s security offering if such a deal were to happen. Adding a security specialist tool could also help it gain more mindshare of the security budget decision maker, says the firm, which maintains a Buy rating and $175 price target on Datadog shares.