Datadog stock rallies after analyst says company ‘can deliver a strong beat’

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Shares of Datadog Inc. were rising nearly 4% in Monday morning action after Oppenheimer analyst Ittai Kidron boosted his price target on the stock to $120...

Shares of Datadog Inc.

were rising nearly 4% in Monday morning action after Oppenheimer analyst Ittai Kidron boosted his price target on the stock to $120 from $105, writing of his view that the cloud-monitoring company is positioned well heading into earnings. “We’re positive on Datadog and believe it can deliver a strong beat to conservatively set targets,” he wrote. “The company continues to see solid new logo growth…and success in upselling existing customers.

were rising nearly 4% in Monday morning action after Oppenheimer analyst Ittai Kidron boosted his price target on the stock to $120 from $105, writing of his view that the cloud-monitoring company is positioned well heading into earnings. “We’re positive on Datadog and believe it can deliver a strong beat to conservatively set targets,” he wrote. “The company continues to see solid new logo growth…and success in upselling existing customers.

 

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