Datadog Stock Price (DDOG) Moves Higher, Analyst Raises Target On Competitive Wins
Datadog’s stock is on the rise today, up 1.6% and 14% in the last month. Bullish sentiment could be set to continue with BTIG’s upgrade to a $169 price target a significant increase from their previous $136.
BTIG’s analyst highlighted “encouraging” feedback from field checks, specifically noting Datadog’s success in displacing competitors and the promising potential of new product initiatives. This suggests Datadog is not only maintaining its market position but actively expanding its reach.
The recent price target adjustment by BTIG aligns with a broader trend of analyst revisions. Bank of America, for instance, raised its target to $175 in June following Datadog’s inclusion in the S&P 500, anticipating increased investor…
