Why Datadog Stock Fell Sharply on Monday
Shares of monitoring and analytics platform provider Datadog (NASDAQ: DDOG) were hit hard on Monday, declining 6.5% by the time the market closed.
The stock was down likely for two primary reasons. First, many growth stocks like Datadog fell several percentage points or more on Monday. Second, RBC Capital analyst Matthew Hedberg lowered his 12-month price target on the stock.
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Source Fool.com