Cloud-based analytics company DataDog Inc (NASDAQ:DDOG) has consistently exceeded earnings estimates, reflecting the company’s sustained growth. Encouraged by the company’s recent performance, with artificial intelligence as a catalyst and its platform’s value proposition, one Bank of America analyst is optimistic that the company can beat Wall Street estimates.
DataDog Analyst: Bank of America analyst Koji Ikeda upgraded DDOG from Neutral to Buy, raising its price target from $143 to $155 in a note on Thursday.
DDOG Takeaways: Ikeda views DataDog as the “next high-quality large-cap stock.”
“Datadog helps organizations monitor application and infrastructure performance to ensure high quality end-user experiences. As discussed in our initiation …
Full story available on Benzinga.com
Related posts:
- United Airlines Gears Up For Q4 Earnings: Investors Brace For Possible Turbulence
- Goldman Sachs Upgrades Fiverr International, Highlights AI-Driven Product Innovation in 2024 As Strong Catalyst
- Rails Back On Track: Analyst Upgrades Union Pacific And Norfolk Southern, Predicts Strong Intermodal Recovery
- Brazil’s PagSeguro Digital Gets A Boost: Goldman Sachs Upgrades Stock, Forecasts Stronger 2024 Growth