This software stock can rally more than 30% after a post-earnings retreat, TD Cowen says

📆 18.08.2023 16:19:00
📰 CNBC

⏱ Reading Time:
6 sec. here
2 min. at publisher
📊 Quality Score:
News: 6%
Publisher: 72%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Cowen initiated coverage at outperform and set a price target implying a 32.9% upside.

Datadog is a strong company at an attractive entry point following a recent pullback, according to TD Cowen. Analyst Andrew Sherman initiated coverage of the software stock at outperform. His $120 price target implies shares could rally 32.9% in the next year. "We think DDOG is a rare breed given its platform breadth, R & D engine, GTM approach, and mgmt team," he said in a note to clients Thursday, using acronyms for research and development and go-to-market.

mountain Datadog vs. the Nasdaq Composite, year to date — CNBC's Michael Bloom contributed to this report

Schreibe Kommentar

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Farfetch stock tanks more than 30% after luxury fashion company misses quarterly revenue expectationsShars of Farfetch Ltd. dropped more than 30% in the extended session Thursday after the luxury fashion company reported lower-than-expected sales for its...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »