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DataDog Is The ‘Next High-Quality Large-Cap Stock,’ Says Analyst

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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

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